Misc Flashcards
Demand is elastic/inelastic?
Supply?
In the long run, they’re both?
Elastic;
Inelastic;
Elastic
Who determines the market value for property for sale?
Licensed valuer
To compare the overall price movements:
URA provides __ __ index (PPI)
HDB RESALE provides __ __ index (RPI)
Property price index;
Resale price index
Sub-markets
1. Core Central Region (CCR)
2. Rest of Central Region (RCR)
3. Outside Central Region (OCR)
T
SLA is under which ministry?
Ministry of Law
Mini-marts/ laundromats (ancillary shops) are allowed in flats and condominium developments up to __ % of the proposed residential gross floor area.
0.3%
Mixed commercial and residential developments, the ratio of GFA is
Residential __%
Commercial __%
60%
40%
Residential component within a mixed development will not have condominium status because it’s not developed in accordance with condominium guidelines. It will be approved as __.
Flats
Minimum size of an industrial unit is __sqm.
150 Sqm
Minimum size of a Business Park is __ sqm. There’s no floor-to-floor height control for BPs.
50,000 sqm
The goods lifts and loading bays requirement for industrial development is minimum __ goods lift and __ loading bay.
1; 1
If your property is in the designated landed housing area, can you redevelop it to max gross plot ratio of the land to increase the density of the land?
No. There’s NO plot ratio on master plan for landed house. They only have height and storeys limitation.
2-storey: 12m
3-storey: 15.5m
If your property is NOT in the designated landed housing area, then you CAN redevelop it to the max gross plot ratio.
__ acts as agent for the State in carrying out land sales for commercial, hotel and private residential developments.
The release of State land is carried out through the Government Land Sale (GLS) programme.
URA
To lodge an application for change of use from shop to restaurant. You have to go on which portal?
GoBusiness Licensing Portal
To renew the change of use application, you have to submit within __ months before the expiry of the “Temporary Permission” to continue the approved use at your property.
2 months
Where a lease has been “determined”?
(What’s the word determined?)
-by “effluxion” of time (What’s the word effluxion?)
-by the happening of an event upon which the lease is expressed to “determine”
-by lawful re-entry and recovery of possession= landlord repossess the property
Determined= Terminated
Effluxion= expiration
The cadastral map provides these information:
Land lot numbers
Lot boundaries
Surveyed area
Does it provide strata lot numbers?
No
INLIS
what can be found in the “image of HDB Leased”?
HDB flats
Wef 18 Jan 2023, all new flats and condo, resi component of commercial and mixed-use developments within the Central Area, will be required to provide a minimum of __% of DUs with a net internal area of at least __ sq m.
20%, 70sqm
JTC reserves the right to buy over the remaining period of the lease from the lessee before the latter offers it to other people, this is called the?
Rights of first refusal
Building is sold en-bloc during the lease period of the tenancy, the tenant is able to:
-deliver vacant possession to the buyer at the due date
-seek compensation from the __
Landlord
