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Why does the buyer, financial institution or CPF Board lodge a caveat against the property?


Updated by SLA
The primary purpose of a caveat is to protect the interest in land claimed by the caveator (whether as "purchaser" when a buyer pays a deposit; as "mortgagee" when the financial institution releases the loan; or as "chargee" when CPF Board releases CPF funds). It is a precautionary step taken by the caveator pending completion of his transaction.

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