Land title

A property title is the official document that proves land or property ownership, commonly referred to as a Certificate of Title. The Registrar of Titles issues it at the Land Registry Office and includes the registered owner’s name(s), the Lot and Plan numbers, and details of any encumbrances, such as mortgages, covenants, caveats, or easements.

A subdivision plan is a legal document that enables a landowner to split a single parcel of land into two or more distinct lots, each with its title. This process, regulated by the Subdivision Act 1988, is crucial for selling, developing, or transferring parts of a property separately. Our new house is part of such a subdivision, where an existing land parcel has been divided into three separate titles. Similarly, for our new townhouse, a subdivision plan is used to develop and sell multiple dwellings, like townhouses.

Purchasers are not permitted to sell or settle on a new dwelling unless it is registered on its own individual title. Now that the subdivision plan has been finalised and the relevant authorities have officially issued separate titles for each property, we are in a position to proceed with settling on the purchase of our new home early next month, marking an exciting milestone in our journey to owning a new home.