Property and shipping players welcome drive for transactions to go digital

According to the Infocomm Media Development Authority, digitalising property transactions would significantly cut costs, reduce fraud, and reduce the complications and risks.
According to the Infocomm Media Development Authority, digitalising property transactions would significantly cut costs, reduce fraud, and reduce the complications and risks.PHOTO: LIANHE ZAOBAO

The move to review the Electronic Transactions Act and allow property transactions to go digital will benefit developers and landlords, observers said.

They see the move mainly as one that will smooth the administrative part of the transaction and cut out the paperwork, not the agents.

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A version of this article appeared in the print edition of The Straits Times on June 28, 2019, with the headline 'Property and shipping players welcome digital drive'. Print Edition | Subscribe