PART 3 OF RES MCQ ANSWERS ONLY (NOV 2015)

November 2015
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Awareness
E-Valuation List
Survivorship
5 years
Intent; goodfaith
Advertising / marketing
Cooling off
4-room flats
Agreement
Extinguished; 12 years
10%
3 years
3%
$560,000
100%
10% [for HDB flats]; 20% [for commercial properties]
One-third
[c] (3% of sale price less $5,400) + 5% of Additional Buyers Stamp Duty.
[b] $30,000
[d] Can claim against the price difference; 60
[a] Tenancy-at-will
[d] all of the above
[d] The bank can still look to the co-owners jointly and severally for the repayment of any balance
outstanding loan after the property owned by the company has been foreclosed and sold.
[b] District 10
[b] Product mix
[c] 10; not later than 21 days after the purchaser has paid 25% of the purchase price upon T.O.P.
[b] carry out urgent repair to make the property habitable
[c] No, Mr A was merely giving his personal opinion on the property market
[b] Parenthood Priority Scheme (PPS)
[a] Bankruptcy; cannot
[c] Stop the painting class as he has breached a restrictive covenant that is binding on him as the
successor in title
[c] Tenancy-in-common because each of the three siblings hold the property in one-third share
[a] An approved form that shows the restrictive covenant that contains a property right against certain
land uses by the neighbour
[c] the right arose by a contract agreed upon between two owners of adjoining or adjacent
lands
[c] the Singapore law provides for restrictions over neighbors land to expire 20 years from the
date of entry of a notification on the land register
[b] servient land
[c] She could apply for an injunction to stop Aaron from using the landed house for business
purposes and to remove the signboard below the house number
[a] Report the matter to the Council for Estate Agencies (CEA) for action
[c] No, James must seek the owners written consent before allowing his fiancee to partake the
marketing
[c] No. Once the change of use approval is granted under the Planning Act, all restrictive
covenants are automatically extinguished
[d] All of the above
[b] diplomatic clause
[d] the maximum number of tenant rule does not cover family members
[b] $98,131
[a] $1,524,600 for BSD; $2,550,000 for ABSD
[d] No income ceiling for resale flat but there is income ceiling for purchase of BTO flats
[b] Yes, any items affixed at the shop by the tenant to carry out his trade are trade fixtures that
can be removed
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PART 3 OF RES MCQ ANSWERS ONLY (NOV 2015)

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[c] Yes, Mr Lee can remove the pair of Lucky Stone Lions as they sat on their own weight; but
he cannot remove the filing cabinet as it is affixed to the house
[c] i, ii, and v
[b] (i) legal entity; (ii) strata roll
[b] (i) can be divided; (ii) per room
[c] Fixed term license
[d] highest form of land ownership not subjected to the conditions of the State Lands Act
[c] 3 years
[a] monthly in advance
[d] all of the above