Paper 1: CU1 - 1st Segment

The full benefits of being an owner of a corner terrace house is best described as:

• Having a personal interest in the terrace house which can be enforced against all third parties

• Having a proprietary interest in the terrace house which entitles the owner to deal with the property in any way he/she wishes

• Having proprietary rights in the terrace house limited only by legislation and planning controls

• Having contractual rights in the terrace house which the owner can exert against an eventual buyer

URA analysis prices and rental data of private residential property by

• prime area and suburbs

• district and HBD housing estates

• CCR, RCR and OCR

• CCR excluding Sentosa, RCR and OCR

The mechanism that is used for the allocation of scarce resources is call

• monetary mechanism

• price mechanism

• exchange mechanism

• allocative mechanism

What is the physical characteristics of real estate that strata subdivision of land is attempting to change?

• Heterogeneity

• Durability

• Immovability

• Indivisibility

By investing in REITs, the real estate characteristics of _____ does not apply.

• illiquidity

• immovability

• durability

• heterogeneity

Development Charge, Differential Premium and Temporary Development Levy are replaced by

• Land Improvement Charge collected by SLA

• Land Improvement Charge collected by URA

• Land Betterment Charge collected by SLA

• Land Betterment Charge collected by URA

What role does zoning play in real estate development?

• It determines the maximum height of buildings in a certain area

• It regulates the type of activities that can be conducted on a property

• It has no impact on real estate development

• It only applies to commercial properties

Which of the following correctly shows the sequence of a typical real estate cycle?

• Decline, Expansion. Decline, Recovery

• Expansion, Recovery, Decline, Recession

• Decline, Recession, Recovery, Expansion

• Expansion, Recession, Decline, Recovery

A piece of land is 1,000 sqm and has a plot ratio of 2.1. Which of the following is correct about this piece of land.

• Total can build up to 12 storeys

• Total can build 12 storeys

• Total gross floor area is 22,596 sqft

• Total gross floor area is 22,596 sqm

What is the maximum Bonus Gross Floor Area of a development?

• 15% of Gross Plot Ratio in the Master Plan

• 10% of Gross Plot Ratio in the Master Plan

• 8% of Gross Plot Ratio in the Master Plan

• 4.8% of Gross Plot Ratio in the Master Plan