Do caveats apply to condo units?

Yes, caveats do apply to condo units in Singapore. When a buyer exercises the Option-to-Purchase (OTP) or signs the Sales and Purchase (S&P) agreement for a condo unit, their lawyers can lodge a caveat with the Singapore Land Authority (SLA) to register the buyer's legal interest in the property. This caveat serves as a public notice that the buyer has a claim or interest in the property, which helps prevent unexpected dealings with the property that could jeopardize the buyer's rights.

For instance, the high number of caveats lodged for new condo sales, such as those for PARKTOWN Residence, The Orie, and Lentor Central Residences, indicates that buyers are actively securing their interests in these properties through the caveat system.