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Navis Paper 2 Fun Quiz 1

Total questions: 15

Worksheet time: 3mins

Name
Class
Date
1.

Housing developer license is required if building more than how many units?

a)

2.5

b)

3

c)

4

d)

5

2.

To get “No-Sale” license, how much minimum paid-up capital?

a)

$100k

b)

$10k

c)

$35k

d)

$50k

3.

Up to how many weeks from the OTP date is allowed if purchasers require more time to finalize the arrangement before exercising the new project's OTP?

a)

8

b)

10

c)

12

d)

14

4.

For BUC, If there is late payments by the purchaser, the late payment interest is how many % above base rate?

a)

1

b)

1.5

c)

2

d)

3

5.

For completed property, the late completion interest is how many %?

a)

4%

b)

6%

c)

8%

d)

10%

6.

What is the requisite consent % for development of more than 10 years to have enbloc sale?

a)

80%

b)

85%

c)

90%

d)

95%

7.

Which scheme cannot buy resale HDB?

a)

Public Scheme

b)

Joint Single Scheme

c)

Non-Citizen Spouse Scheme

d)

Non Citizen Family Scheme

e)

All Schemes Possible

8.

HDB buyers live with parents get $30k Proximity Grant whereas buyers get only $20k Promixity Grant if buy within 4km of parents' house. True / False?

a)

TRUE

b)

FALSE

c)

NOT SURE

9.

SPR household needs to fulfill how many years of PR status then can only buy resale HDB?

a)

2

b)

3

c)

4

d)

5

10.

What is the resale levy for disposing Executive Condimium in 2012 and buying another 5-room BTO in 2023?

a)

$55,000

b)

no need pay resale levy

c)

$45,000

d)

$50,000

11.

If I wish to conduct a title search via INLIS (Integrated Land Information Services), INLIS is under which government agency?

a)

URA

b)

HDB

c)

SLA

d)

IRAS

e)

MOM

12.

Wait-out period of 15 months for private property owner to buy non-subsidized HDB has an exception to which group of buyer?

a)

seniors aged 60 and above to buy 4room or smaller flat

b)

seniors aged 55 and above to buy 3room or smaller flat

c)

No exception. The rules apply to all private property owner to buy rsale HDB.

d)

seniors aged 55 and above to buy 4room or smaller flat

e)

seniors aged 60 and above to buy 3room or smaller flat

13.

Is it illegal for a local couple to have such ownership arrangement when buying HDB:

husband is the owner whereas wife is the occupier who will then purchase another private property after meeting 5year MOP period. They still can keep the HDB.

a)

No problem in doing such arrangement.

b)

I dont think so. Both need to be owners of the property.

c)

Not sure if can be done in such manner.

14.

SC/SC or SC/PR buyers for Executive Condominium can get family grant too similar to those resale HDB buyers.

TRUE / FALSE?

a)

TRUE

b)

Can meh? I dont think so!

c)

Not sure!

15.

Even though already fulfilled 5-year MOP,

i) SPR household cannot rent out whole unit

ii) SPR household cannot retain HDB after acquisition

of completed / uncompleted residential private property

Are both statements TRUE / FALSE?

a)

FALSE & TRUE

b)

FALSE & FALSE

c)

TRUE & TRUE

d)

TRUE & FALSE