In light of increasing legal disputes involving Singaporeans investing in overseas properties, CNA recently aired a documentary to explore the complexities and risks of cross-border property transactions. Tris Xavier, Head of Yuen Law’s Integrated Property Group, was invited to share his expertise on this pressing issue.
The feature was prompted by ongoing legal battles between Singaporean buyers and developers in Malaysia. At least 100 buyers are currently disputing ownership terms under Malaysia’s Private Lease Scheme (PLS), alleging that crucial conditions were not clearly communicated. This situation highlights the growing need for awareness and professional guidance when purchasing properties abroad.
In this interview, Tris discusses these key points:
- Navigating Different Legal Systems
Before purchasing any overseas properties, investors should seek legal advice to fully understand local property laws and customs as they can differ significantly from those in Singapore. For instance, Malaysia’s PLS grants a long-term lease rather than outright ownership, which many buyers may misunderstand. - The Importance of Engaging Experts
Investors should be wary of relying solely on online information. The guidance of local professionals who can help interpret local jargon is key to identify risks to make smart investment decisions, and safeguard your investments. - Protecting Investments
With overseas property purchases becoming increasingly popular due to attractive pricing and a rise in investment opportunities, ensuring clear terms and rights before signing agreements is more critical than ever to protect investors’ interests.
Catch Tris Xavier’s full interview here.
Get in Touch
Tris Xavier
Associate Director and Head of Integrated Property Practice Group
E: amoscai@yuenlaw.com.sg
Tris Xavier heads the Integrated Property Group at Yuen Law, specialising in Real Property, Intellectual Property and Insolvency. His expertise also extends to Personal Injury, Probate, Regulatory Advisory and Trust and Equitable Claims.
Tris offers legal guidance to clients on various real estate transactions such as sales and purchase of commercial, industrial, and residential properties. His services include drafting and reviewing agreements, loan and financing documents, conducting due diligence and title searches, and advising on legal implications and stamp duties during a sale of property.
