PART 4 OF RES MCQ ANSWERS ONLY (FEB 2016)

February 2016
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One
JTC Corp
Annual rent
Risk aversion
Five
Cash offer / cash deposit / cash payment
5 sq m; Building and Construction Authority (BCA) The Commissioner of Building Control
Notice of Vacant Possession
[a] The estate agent
[b] Notice of Unilateral declaration
[a] Yes, under the Land Titles Act, the burden of proof is on the service of the notice. The other
party needs not give his/her consent to the severance
[b] Under the Land Titles Act, the split will be in equal shares between the former joint tenants
[d] Charlie can seek a Court Order to declare unequal share holding according to the financial
contributions between he and his father
[a] Through the fathers last will and testament
[d] Tenancy-in-common in equal shares
[b] A Singaporean Chief Executive Officer (CEO) owning commercial properties buying his first
residential property
[c] [ii], [iv], [v]
[d] If HDB approval is granted, she can only use the 5-room flat for administrative purpose for
her food catering business and must put a fire extinguisher in the flat
[d] No, an approved tenant can run a business in a HDB flat as long as he or she has obtained
the Home Office Scheme license from HDB
[b] Can. She needs to be at least 18 years old and be an authorized occupier
[d] 5
[a] can be sole-proprietorship, partnership, Limited liability partnership or private limited
company
[b] 2
[c] Minimum plot size of a GCB is 1,400 sq m; site coverage is 35%; minimum plot width of
18.5 m
[d] All submitted bids bind the respective tenderer but not the owner
[d] by invitation only
[c] $1,497,300
[d] $3,208,500
[c] $6,417,000
[d] $4,278,000
[a] $700
[a] Non Citizen Spouse Scheme
[d] $2,839.73
[c] Ask Kinshan and Mary for 3 months rent free extension of stay after the legal completion
date with HDBs approval
[d] Five years
[a] Mr Ong would make a profit of $11,000
[c] Bankrupts must apply for approval from the Official Assignee (OA) when they intend to
purchase a resale HDB flat that has a net purchase price of $500,000