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P2 > HDB > Flashcards

HDB Flashcards

1
Q

Private Residential Property Owners required to serve a wait- out period of __ months after the disposal of their private properties before they are eligible to buy a non-subsidised RESALE flat.
55 yr old above DO NOT need to follow this if buying 4br or smaller HDB RESALE flat.
The wait-out period for private home owners who are first- timers and wish to apply for the CPF Housing Grant and Enhanced CPF Housing Grant for their resale flat purchase also remains unchanged at __ months.

A

15 months;
30 months

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2
Q

Community Care Apartment (lease from 15 to 35 years in 5-year increments)
You will qualify for priority flat allocation if at least 1 applicant or essential occupier in your household requires permanent assistance with his/ her __ of __ __ (ADL).

A

Activities of Daily Living (ADL)

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3
Q

An owner who is selling his existing HDB flat (“Flat A”) and buying another HDB resale flat (“Flat B”) (“the contra party”) may apply for the __ __ Facility to finance the purchase of Flat B, including the insurance payment under the CPF Home Protection Scheme provided that his buyer and seller HAVE NOT applied this facility for their respective flats.
2. The seller of Flat A must not be an __ bankrupt.
3. HDB may decline Enhanced Contra Facility approval if there is a __ with a financial institution, CPF mortgage/charge on Flat A and/or Flat B ( also a charging order against the flat owner’s CPF money in a divorce case, 退回的錢要留著付前妻）, or engagement of private solicitors.
4. This facility DOES NOT work for resale Conversion Scheme, sale of part-share of an existing flat or any other schemes as may be decided by the HDB.
5. Submission of resale applications for Flat A and Flat B must accompany the Enhanced Contra Facility application, but approval for flat resale does not imply approval for the Enhanced Contra Facility.

A

Enhanced Contra Facility;
undischarged;
mortgage;

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4
Q

Salesperson’s duties when client is buying HDB resale flat?
1. Guide your buyers to apply for an HFE letter.
2. Assist on financial planning and application for a housing loan.
3. Advise client on recent transacted prices and assist in price negotiation.
4. Go through __ to __ and explain clearly before the client commits.
5. Assist client to submit the resale application through the __ __Portal or Estate Agent Toolkit WITHOUT delays.
6. Guide client on requirements and things to prepare before attending the __ __ appointment.
7. Advise client on the conditions after buying a resale flat.

A

Option to Purchase;
HDB Flat;
resale completion appointment

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5
Q

HDB Flat Eligibility (HFE) letter will inform buyers upfront within 21 working days of HDB’s receipt of the completed application.
1. Eligibility for a new or resale flat purchase,
2. __ __ grants,
3. __ __ loan, and loan amounts. If he’s a second-timer, it will also advise applicant on the __ levy/ premium that he will have to pay if he purchase a __ flat from HDB.
4. Integrated loan application service with participating financial institutions (FIs)

A

CPF housing;
HDB housing;
resale levy;
subsidised flat

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6
Q

Booknig a NEW HDB flat:
4 room and bigger: Option fee $2,000
3 room: $__
2 room-flexi: $__
Buyer will be invited to sign the __ for __ from __months after booking the new flat.

A

$1,000;
$500;
Agreement for Lease;
6 months

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7
Q

HDB Loan for new flat
1. Downpayment at signing Agreement for Lease: __% CPF OA
2. Payment @ key collection: __% CPF OA/ Cash

A

10%;
10%;

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8
Q

Loan from Financial Institution for new HDB flat

For LTV 75%:
1. Downpayment at signing Agreement for Lease:
__% Cash
Remaining __% using CPF OA/ cash
2. Payment @ key collection: __% CPF OA/ Cash

For LTV 55%:
1. Downpayment at signing Agreement for Lease:
__% Cash
Remaining __% using CPF OA/ cash
2. Payment @ key collection: __% CPF OA/ Cash

A

5%;
15%;
5%

10%;
10%;
25%

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9
Q

HFE letter application is submitted in 10月 2023, the income assessment period is?
Bonus included in the calculation?
Dividend income included?
Pupillage/Stipends (助学金）included?

A

9月 2022 to 8月 2023. （12个月）
Bonus not included
Dividend income not included
Pupillage/Stipends (助学金）is included

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10
Q

想拿HDB Housing Loan和Enhanced CPF Housing Grant在HFE letter application时要有工作。T/F?

A

T

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11
Q

HDB Housing Loan
Remaining lease >20 years而且可以cover最年轻的人：

  • 95 years or more, LTV limit:
    New: __% of purchase price
    Resale: __% of resale price或value, 择低者
  • less than 95 years, LTV limit:
    PRORATED from __% based on 剩下的租期可以cover最年轻的人到95岁

Loan-to-Value is?

A

80%
LTV is the max amount of housing loan.

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12
Q

HDB Housing Loan
Loan period 选最短者：
-25 years
-__ years 减掉买家平均年龄
-remaining lease减掉 20 years

A

65 years

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13
Q

2nd HDB Housing Loan
Can keep $__ or __% of the cash proceeds (including deposit received) ，选多的。

A

$25,000;
50%

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14
Q

What is CPF refund?
Those who used their CPF savings to purchase their property will have to refund the principal withdrawn, plus accrued interest, to their CPF account after they sell. Any housing grant received, and accrued interest will also have to be returned to their Ordinary Account. T/F?

A

T

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15
Q

Fresh Start Housing Scheme
-Applicant min age __ yr old, below __ yr old. Child below __ yr old.
-HDB Concessionary Loan
-Resale Levy capped at $__
-Fresh Start Housing Grant: $__
-HDB gives priority allocation to this group of people (__% of 2-room flexi units)
-MOP is __ years

A

35 yr old;
55 yr old;
18 yr old;
$30k;
$50k;
20 years

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16
Q

Step-Up CPF Housing Grant
2nd-timer, new or resale flat, average income lower than $__.
Can get $__.
Can also apply for __ __ Grant if buying a resale flat.

A

$7k;
$15k;
Proximity Housing Grant

17
Q

Non-citizen HDB subletting quota:
Neighborhood __%
Block __%

A

Neighborhood 8%
Block 11%

18
Q

SPR quota policy applies to who?
Max Non-Malaysian SPRs:
Neighborhood __%
Block __%

A

Non-Malaysian SPR
Neighborhood 5%
Block 8%

19
Q

Lease Buyback Scheme
-ALL owners above __ yr old
-At least 1 SC
-Income ceiling: $__
-NO 2nd property
-Have been living in the flat for at least __ years.
-At least __ years of lease to sell to HDB

A

65 yr old;
$14k;
5 years;
20 years

20
Q

Lease Buyback Scheme BONUS
3-room or below: $30k
4-room: $15k
5-room or above: $7.5k
This amount goes into CPF __ Account.

The household will NOT receive the LBS bonus if all owners have reached the Full Retirement Sum (FRS) prior to joining the LBS and do not need to top up their CPF RA upon joining the LBS.

Household already received Silver Housing Bonus CANNOT get LBS bonus.

A

Retirement Account

21
Q

CPF Life
Full RA savings will be used to buy a CPF LIFE plan if you have at least $__ in your RA after the top-up.
80岁以上不行加入。

A

$60k

22
Q

Home Improvement Programme (HIP)
-Essential improvements
-Optional improvements
-Enhancement for Active Seniors (EASE) Improvements 让老人方便及安全

A
23
Q

Parenthood Provisional Housing Scheme (PPHS)
适用于未造好的HDB:
-Married couples, Fiance/Fiancee Scheme （两个都是1st timer 或 1st timer + 2nd timer) Taking possession __ 个月以内要给婚姻证明。
-离婚或widowed parent with children

如果现在有co-own HDB with parents/siblings, taking possession __个月内要surrender ownership of that flat.

Income ceiling: $__

A

3 months;
6 months;
$7k

24
Q

Temporary Relaxation of Occupancy Cap
1- & 2-room: WHOLE flat __ unrelated persons, CANNOT rent out bedrooms
3-room: both WHOLE flat and bedrooms __ un. persons
4-room and above: both WHOLE flat and bedrooms to __ un. persons

A

4; 6; 8

25
Q

Only SCs are allowed to rent out the HDB flat. PR flat owners are NOT allowed to do so.
You can rent out your flat after fulfilling the 5-year MOP.
Non-subsidised (purchased from the open market without a housing grant): the MOP is __years.

A

3

26
Q

HDB resale using HDB loan and bank loan both have max total deposit of $__.

A

$5k

27
Q

HDB loan interest floor rate __% 用來計算你能貸款的金額。
HDB concessionary interest rate __% 你真正付的利息。

A

3；
2.6

28
Q

It’s compulsory for buyers who are using __ to pay housing loan instalments to buy Home Protection Scheme Insurance.

A

CPF

29
Q

HDB MOP start point is when?

EC from developer, 5-year MOP starts from?

Flat owner can sell his replacement flat purchased under the SERS after?

A

Date of collection of keys;
TOP date;
5 years from the date of occupation;

30
Q

HDB Resale
Seller must register Intent to Sell in the HDB Resale Portal at least __ days before granting an OTP to Buyer.

Buyer must register their HDB Flat Eligibility at least __ days before receiving the OTP from the sellers.

A

7 days;
7 days

31
Q

HFE letter is valid for __ months.

A

9

32
Q

CPF Housing Grants
Enhanced CPF Housing Grant 適用於 new and resale
CPF Housing Grant 適用於 resale
Proximity Housing Grant 適用於 resale, distance within __km.

A

4km

33
Q

HDB flat
Max LTV for buyers taking HDB housing loan is?
Max LTV for buyers taking Bank housing loan is?

A

80%
75% for less and equal to 25 years tenure. 55% for above 25 to 30 years tenure.

34
Q

what’s’ the max Silver Housing Bonus?

A

$30k

35
Q

HDB resale transaction takes about __ (from the date of HDB’s acceptance of the resale application) to complete.

A

8 weeks

P2 (9 decks)

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