Proposal for URA's Property Transactions E-service to Show Transactions where Caveats are Not Lodged

45 Mr Leong Mun Wai asked the Minister for National Development (a) why the Urban Redevelopment Authority's (URA's) private residential property transactions e-Service does not show details of transactions where caveats are not lodged; and (b) whether the e-Service can be modified to include details of transactions where caveats are not lodged.

Mr Desmond Lee: Information on private residential property transactions, such as property title and property ownership information, is available on the Integrated Land Information Service portal managed by the Singapore Land Authority. This is regardless of whether a caveat was lodged for the sale transaction.

The Urban Redevelopment Authority's (URA's) private residential property transactions e-Service is intended to provide timely data that reflects dynamic market trends to relevant stakeholders, such as the real estate industry. It uses caveats data and data submitted by developers, which are available earlier in the transaction process and comprise the majority of private property transactions. This complements URA's other data e-Services, including releases of aggregated statistics, to provide timely updates of market trends.