This
was a favor he could not refuse. Stephen, with more than 10 years of real estate
experience under hisbelt, has just agreed to help his brother-in-law unearth
some background details on a piece of land. All he needs to do is to log on to
the website www.inlis.gov.sg and extract the land details from the
Ministry of Law’s Integrated Land Information Services (INLIS). Using the
search engine available on the online Land Information System, Stephen locates
the property by keying in the street address. He effects payment by CashCard and
straight away the system returns him a summary page of the property in question.
It is not the first time he has used the system, but he is still amazed at the
ease with which he can access a wealth of land information, without leaving his
desk! Stephen quickly locates the title document and is able to ascertain the
lot area, last transaction price, share in land transacted and encumbrances.
Real Estate, Virtual Business |
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Built as the first system in south-east Asia to
combine Geographical Information System and ecommerce technologies to deliver
interactive digital maps on the internet, INLIS is a runaway bestseller. "INLIS
is popular with people in the real estate industry because it offers information
on property, including ownership, on whether it is freehold and its last
transacted price," confirms a spokeswoman from the Ministry of Law.
Selected land information that is not confidential or sensitive, from the
Singapore Land Registry, Land Office and Survey Department, is now available
online to the public. Such information is especially useful for lawyers,
architects, engineers, estate consultants, contractors, property developers,
agents, land surveyors and financial institutions.
Knowledge-based economy
INLIS is part of the Government’s Shopfront, a virtual store selling
government products and services. The Republic’s drive to become a
knowledge-based economy is slated to push such soft goods and services
center-stage. Singapore has set its sights on becoming a world-class cyberport
for transactions of soft goods and services over the internet.