SLA’s STARS21 will improve title search, lodgement and registration of properties in S’pore
PROPERTY buyers hunting for their dream Housing Development Board (HDB) flat could find their task made easier when a project by the Singapore Land Authority (SLA) to computerise 800,000 HDB titles and 3,300,000 HDB documents comes online.
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| Mr Chew: ‘Before placing a deposit, buyers can always go online and search that the owners are who they profess to be.’ |
The $8.2 million undertaking, called Singapore Titles Automated Registration System 21 (STARS21), will also benefit lawyers, property agents and the general public, said Bryan Chew, SLA director of Regulatory Division and senior deputy registrar of titles.
Speaking to BizIT last week in an interview, Mr Chew said convenience and time-savings will be the key benefits of this system, which is expected to be completed by end-2013.
SLA, a statutory board that oversees land sales, leases, acquisitions and allocation and other land-related duties in Singapore, currently operates a computerised land registration system for private properties but upkeeps its far-larger crop of HDB titles and documents as physical records. Its current database of 800,000 HDB titles and 3,300,000 HDB documents form about 80 per cent of its registry’s records.
With STARS21, SLA is set to create a single computerised and integrated platform that encompasses both private and HDB properties. Tasks associated with the transaction of properties, like title search, lodgement and registration of properties, are expected to be significantly boosted under the new platform. Continue reading →
