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Real Estate Market (Part 1)

Real Estate Market (Part 1)
3回閲覧 • 100問 • 1年前
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    問題一覧

  • 1

    Peter wishes to buy a bungalow with a plot size of not more than 1000sqm. Which area can he buy? (i) Good Class Bungalow Area (ii) Semi-Detached Area (iii) Mixed Landed Area

    All but (i)

  • 2

    May owns a 300sqm land in a landed area. Which is the biggest type of property she can build?

    Semi-Detached

  • 3

    What is the minimum plot size for a GCB?

    1400sqm

  • 4

    Your client owns a Semi-D with a land size of 450sqm. He wishes to convert it to a bungalow house. How should you advise him?

    He may be able to convert it if his neighbour's plot size is bigger than 400sqm.

  • 5

    Which of the following is true?

    Landed Housing Areas have no plot ratio.

  • 6

    The difference between Type I and Type II Terrace houses is

    They have different plot size.

  • 7

    From Sep 2016, __________ offered by developers of private projects will be __________ when the Urban Redevelopment Authority (URA) compiles its quarterly price index.

    incentives and discounts; included

  • 8

    Tim only has the budget to buy a terrace house. Which area should you recommend to him?

    Mixed landed area

  • 9

    Property is not considered a condominium if its land size is below __________.

    0.4ha

  • 10

    Which of the following is not a type of property?

    Small Office Home Office (SOHO)

  • 11

    Which of the following property does not have a Subsidiary (Strata) Certificate of Title?

    Detached house

  • 12

    Which of the following is a statutory land use plan?

    The Master Plan

  • 13

    The term "develop" in the Planning Act does not include

    erecting a tower crane on the construction site.

  • 14

    The LBC Table of Rates, which is used to assess the amount of Land Betterment Charge, is revised every __________.

    half year

  • 15

    ABC Pte Ltd (ABC) is a Singapore-registered company comprised of 80& Singaporean shareholders and 20% foreign shareholders. ABC intends to tender for a piece of land that is zoned Commercial and Residential (C&R). Which of the following is true?

    ABC needs to get approval from LDAU.

  • 16

    A corner terrace house plot may be redeveloped into a new pair of Semi-detached houses, provided the adjoining terrace plot has __________ m plot width and __________ sqm plot size.

    8 ; 200

  • 17

    Mr Tan owns a pair of Semi-detached houses outside the GCBA. He wishes to convert them into a bungalow provided the plot size is minimum __________ sqm with the minimum plot width of __________ m.

    400 ; 10

  • 18

    With reference to the previous question, in order for Mr Tan to convert his pair of semi-detached houses to a bungalow, he must make sure that the left behind Semi-detached unit next door has a minimum plot size of __________ sqm with a minimum plot width of __________ m.

    400 ; 10

  • 19

    Type I Intermediate Terrace House has a minimum plot size of __________ sqm and minimum plot width of __________ m.

    150 ; 6

  • 20

    Type I corner Terrace House has a minimum plot size of __________ sqm and minimum plot width of __________ m.

    200 ; 8

  • 21

    A building that is approved for a mixed development of commercials & residences must not have the commercial quantum exceeding __________ of the gross floor area.

    40%

  • 22

    Remnant land is sold via

    Closed tender

  • 23

    Which of the following is not the principle of conservation?

    Flexible retrofitting

  • 24

    You introduce your client to buying a property in a newly launched project. Your client does not understand why the developer price all the units differently even though they are in the same project. How do you explain this? it is because of

    heterogeneity

  • 25

    Land Betterment Charge is a __________ on the increase in the value of land resulting from a chargeable consent given in relation to land.

    Tax

  • 26

    Which of the following is/are sub-markets of the real estate market? (i) Primary sale market (ii) Secondary sale market (iii) Rental property market (iv) Auction property market (v) Real estate investment trust market

    All of them

  • 27

    Which of the following property/ies do/does not have a Certificate of Title? (i) A unit in a cluster housing project. (ii) A townhouse. (iii) A semi-detached house. (iv) A terrace house.

    (i), (ii)

  • 28

    Jason went to visit his friend's house, a 165sqm property with boundary walls adjacent to neighbours. Jason wants to buy a house similar to this one. As a salesperson, which property would you show Jason?

    Terrace House

  • 29

    You are required to apply for a change of use for a shophouse if: (i) There is a change from one Use Class to another Use Class. (ii) There is a change from one Use Class to another use that is not classified in the Use classification. (iii) There is a change from one use to another use in the same Use Class. (iv) There is a change of use from a coffee shop to a restaurant.

    (i), (ii)

  • 30

    Land Betterment Charge is payable for the following situation(s):

    A change from an old 4-storey building to a new 6-storey building.

  • 31

    The Planning Act:

    Regulates development and planning control in Singapore and is administered by the Urban Redevelopment Authority.

  • 32

    The Planning Act:

    Allows movement within the same Use Classes without written permission from URA.

  • 33

    Which of the following forms of development or property project is not exempted from payment of Land Betterment Charge?

    Converting a grassland into an apartment development.

  • 34

    The amount of Land Betterment Charge payable is determined based on

    Either the Valuation Method or the Table of Rates

  • 35

    Which of the following zoning is not covered in the Master Plan?

    Condominium zone

  • 36

    Amy was asked to sell a residential unit and she is not sure whether to advertise the property as an apartment or condominium. Which of the following helps her to determine this?

    The plot size of the project is 5000sqm.

  • 37

    Which of the following is true?

    Foreigners are not allowed to buy conservative shophouse that is approved for residential use without approval.

  • 38

    Which of the following statement is true about Good Class Bungalow?

    Maximum site coverage is 40%.

  • 39

    Which is most likely a strata-titled property?

    Cluster House.

  • 40

    X is looking for a warehouse to store his wine. Which is/are important? (i) Cargo lifts (ii) Loading unloading bay (iii) Catchment area (iv) Location (v) Anchor tenant (vi) Trade mix

    All but (iii), (v), (vi)

  • 41

    Max bought a piece of freehold land with a plot ratio of 2. Subsequent to the sale, the plot ratio of the land was increased to 2.8 under the Master Plan. To maximize the density of the land, Max is to pay

    Land Betterment Charge

  • 42

    A Bank is looking for a premise to house their back-room office services. They also wish to cut cost. Which of the following type of property will you advise the bank to take?

    Business Park

  • 43

    Ann bought a landed property, which has shared boundary walls on the left and right. She has a view of the pool, tennis court, and BBQ pit within the private estate. Ann most likely lives in a

    Cluster house

  • 44

    Which of the following will most likely have Subsidiary Strata Certificate of Titles?

    Les Offices, a 68-storey office complex.

  • 45

    If the owner of a bungalow wants to tear it down to build 2 semi-detached houses in a mixed-landed housing area, and the plot width of the original bungalow land is 12 metres, can he do it?

    No, plot width is not wide enough to covert the bungalow into a pair of semi-D.

  • 46

    What is a common feature between cluster housing and a condominium project?

    They are both issued with Subsidiary Strata Certificate of Titles.

  • 47

    Which of the following statement is false?

    Buyer's market is a situation where we have more demand than supply.

  • 48

    Which of the following is a macro factor affecting the demand and value of the property?

    Economic Growth

  • 49

    Which of the following is not a characteristic of the property market?

    It has perfect competition.

  • 50

    Mr and Mrs Lee are keen to buy a dual-key unit for investment. What is/are the main possible reason for their choice?

    To double the rental potential by renting both units out to different tenants, as such increasing the rental yield and source of income.

  • 51

    The transacted price is considered as the market price for the property at

    The time when the buyer exercises the Option to Purchase at arm's length transaction.

  • 52

    Which of the following will spur demand for housing?

    A low Sibor interest rate.

  • 53

    Mr and Mrs Lee are willing to pay $1 million for a Bishan executive flat. What is the possible reason for this in relation to real estate?

    Real estate is heterogenous.

  • 54

    What is the likely reason for Sentosa Cove landed properties to be attractive to foreigners?

    They have fewer restrictions on foreign ownership than those landed properties on the main island.

  • 55

    Government's recent proposal in asking the developers to release prices for newly launched projects 2 days before the launch itself is to make the property market more (i) Competitive (ii) Efficient (iii) Informative

    All of the above.

  • 56

    Government's cooling measures are implemented during

    the expansion stage of the real estate market.

  • 57

    When there is a massive increase in construction, banks start to worry and restrict loans. These situations happen during which stage of the real estate market?

    Expansion

  • 58

    When demand starts to fall & mortgage interest rate starts to rise, these situations happen during which stage of the real estate market?

    Decline

  • 59

    When there are many mortgagee sales, increasing vacancy and retrenchments, these situations happen during which stage of the real estate market?

    Recession

  • 60

    When there is an improvement in the economy, confidence returns and the vacancy rates decrease, such situations happen during which stage of the real estate market?

    Recovery

  • 61

    The length of the real estate cycle depends on all except

    Physical factors

  • 62

    A boom period in the real estate market occurs when there is

    Low unemployment rate

  • 63

    Real estate market starts to decline when

    Banks start to restrict loans

  • 64

    Which of the following measure curbs speculation in the real estate market?

    Implementation of Seller's Stamp Duty.

  • 65

    Which of the following is a more likely reason for people to rent an apartment than buy one?

    They want to maintain the liquidity.

  • 66

    The following are some physical characteristics of real properties, except for

    Illiquidity

  • 67

    A unit at St Regis Residences was sold at a loss of $15.8M but another unit raked a whopping profit of $12.8M 2 weeks later. What is the possible cause of this?

    Real estate market is imperfect and inefficient. Information on the latest transacted prices is not readily available.

  • 68

    Which of the following is not true?

    Properties affected by road expansion are enjoying a higher value.

  • 69

    Mr and Mrs Lee are keen to buy a dual-key unit for their own occupation. What is/are the main possible reason for their choice?

    They have 3 children and parents staying together. Dual-key unit will be most suitable for multi-generation living under one rood and at the same time could enjoy privacy.

  • 70

    Under what circumstances would it cause prices of industrial properties to go up?

    HDB acquires the HDB terrace workshops and converts them to HDB Build-To-Order flats.

  • 71

    What is a real estate market?

    A non-physical market where property transactions can take place without knowing who are the buyers and sellers.

  • 72

    What is the primary purpose of the real estate market?

    To allocate scarce resources of land by means of price mechanism.

  • 73

    Despite high property prices, demand for real estate continues to increase. What is the likely reason?

    There is high liquidity coupled with economic growth.

  • 74

    The mechanism used for the allocation of a scarce commodity is known as

    price mechanism

  • 75

    Which of the following situation shows that the real estate market is at an inflection point?

    The rise in near-term interest rate expectations indicates that a price reversal will be widespread across several regional key interests.

  • 76

    Which of the following will increase the supply of residential property?

    The change of zoning from commercial to residential.

  • 77

    Consider the following: (i) Growth rate of the economy (ii) Growth rate of the number of retirees (iii) Number of tourist arrivals The demand for office space is likely to be influenced by

    (i) only

  • 78

    Which of the following statements is correct?

    A property, though built 20 years ago, is not affected by functional obsolescence because there is an increasing preference for conserved properties.

  • 79

    One physical characteristic of real estate that is distinctive from other forms of assets is its

    heterogeneity

  • 80

    Which is not true of the real estate market in Singapore?

    Market information is efficient and perfect.

  • 81

    URA monitors the sale and rental values of properties including (i) HDB resale sector (ii) Private residential sector (iii) Executive condominium (iv) Industrial space (v) Shop space

    All but (i) and (iv)

  • 82

    Demand for real estate is __________ and supply is __________ in a short term.

    elastic ; inelastic

  • 83

    The government's measure(s) to curb runaway property prices is/are to (i) release more flats and new property launches (ii) relax monetary policies

    (i) only

  • 84

    The __________ shows the overall price movements of all types of private residential homes in Singapore. It is calculated based on caveats lodged with URA and includes only the property price but does not include other fees such as commission or stamp duties.

    URA Private Residential Property Price Index

  • 85

    Government Land Sale authorizes an agency to sell Industrial land. Which is the agency that is authorized to sell industrial land?

    JTC

  • 86

    Where or whom should one approach when seeking information pertaining to property market trends?

    Urban Redevelopment Authority

  • 87

    Which of the following phenomenon will you see in a "seller's" market?

    There are more buyers than sellers in the market.

  • 88

    Which of the following is an "Investment Sale"?

    Transaction sale of $10 million property.

  • 89

    Mary bought a terrace house. She has a __________, which provides her the exclusive right to the __________.

    Certificate of Title ; land and house

  • 90

    What is the physical characteristic of Real Estate that strata subdivision of land attempts to change?

    Indivisibility

  • 91

    Which of the following measures, that the government could introduce, will unlikely dampen the private property market?

    Build more rental flats for low-income families that have a household income of less than $1500.

  • 92

    URA analyzed prices and rental data of the private residential property market by

    core central region, rest of central region, outside central region

  • 93

    By investing in REITs, the real estate characteristic of __________ will end.

    illiquidity

  • 94

    Which of the following curb(s) speculation in the real estate market?

    Introduction of Seller's Stamp Duty.

  • 95

    The layout and size of the 5-room flats are similar but the locations and environment around the flats are always different. What characteristic of real estate is this?

    Heterogeneity

  • 96

    In Singapore, there is a lot of government intervention in the property market. When the government starts to reduce land sales and the supply of HDB flat, this is a sign that the market is at or approaching __________.

    recovery

  • 97

    As part of the property cooling measures introduced on 30 Sep 2022, private residential property owners (PPOs) and ex-PPOs are required to serve a wait-out period of 15 months after the disposal of their private properties before they are eligible to buy a non-subsidized resale flat. What is the possible effect of this?

    It will slow down the increase in HDB resale prices.

  • 98

    Which of the following data is not free on URA's website?

    Real Estate Information System

  • 99

    Prices of residential properties are escalating. The Government implemented measures to cool the property market. Which of the following is/are cooling measures implemented by the Government?

    All of the options.

  • 100

    Investing in property is not the same as investing in equities. There is a medium to long hold and it has high entry and exit costs. It is definitely not something that can turn over capital gains in merely two to three years' time. This is describing which of the following characteristics of real estate?

    Illiquidity

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    問題一覧

  • 1

    Peter wishes to buy a bungalow with a plot size of not more than 1000sqm. Which area can he buy? (i) Good Class Bungalow Area (ii) Semi-Detached Area (iii) Mixed Landed Area

    All but (i)

  • 2

    May owns a 300sqm land in a landed area. Which is the biggest type of property she can build?

    Semi-Detached

  • 3

    What is the minimum plot size for a GCB?

    1400sqm

  • 4

    Your client owns a Semi-D with a land size of 450sqm. He wishes to convert it to a bungalow house. How should you advise him?

    He may be able to convert it if his neighbour's plot size is bigger than 400sqm.

  • 5

    Which of the following is true?

    Landed Housing Areas have no plot ratio.

  • 6

    The difference between Type I and Type II Terrace houses is

    They have different plot size.

  • 7

    From Sep 2016, __________ offered by developers of private projects will be __________ when the Urban Redevelopment Authority (URA) compiles its quarterly price index.

    incentives and discounts; included

  • 8

    Tim only has the budget to buy a terrace house. Which area should you recommend to him?

    Mixed landed area

  • 9

    Property is not considered a condominium if its land size is below __________.

    0.4ha

  • 10

    Which of the following is not a type of property?

    Small Office Home Office (SOHO)

  • 11

    Which of the following property does not have a Subsidiary (Strata) Certificate of Title?

    Detached house

  • 12

    Which of the following is a statutory land use plan?

    The Master Plan

  • 13

    The term "develop" in the Planning Act does not include

    erecting a tower crane on the construction site.

  • 14

    The LBC Table of Rates, which is used to assess the amount of Land Betterment Charge, is revised every __________.

    half year

  • 15

    ABC Pte Ltd (ABC) is a Singapore-registered company comprised of 80& Singaporean shareholders and 20% foreign shareholders. ABC intends to tender for a piece of land that is zoned Commercial and Residential (C&R). Which of the following is true?

    ABC needs to get approval from LDAU.

  • 16

    A corner terrace house plot may be redeveloped into a new pair of Semi-detached houses, provided the adjoining terrace plot has __________ m plot width and __________ sqm plot size.

    8 ; 200

  • 17

    Mr Tan owns a pair of Semi-detached houses outside the GCBA. He wishes to convert them into a bungalow provided the plot size is minimum __________ sqm with the minimum plot width of __________ m.

    400 ; 10

  • 18

    With reference to the previous question, in order for Mr Tan to convert his pair of semi-detached houses to a bungalow, he must make sure that the left behind Semi-detached unit next door has a minimum plot size of __________ sqm with a minimum plot width of __________ m.

    400 ; 10

  • 19

    Type I Intermediate Terrace House has a minimum plot size of __________ sqm and minimum plot width of __________ m.

    150 ; 6

  • 20

    Type I corner Terrace House has a minimum plot size of __________ sqm and minimum plot width of __________ m.

    200 ; 8

  • 21

    A building that is approved for a mixed development of commercials & residences must not have the commercial quantum exceeding __________ of the gross floor area.

    40%

  • 22

    Remnant land is sold via

    Closed tender

  • 23

    Which of the following is not the principle of conservation?

    Flexible retrofitting

  • 24

    You introduce your client to buying a property in a newly launched project. Your client does not understand why the developer price all the units differently even though they are in the same project. How do you explain this? it is because of

    heterogeneity

  • 25

    Land Betterment Charge is a __________ on the increase in the value of land resulting from a chargeable consent given in relation to land.

    Tax

  • 26

    Which of the following is/are sub-markets of the real estate market? (i) Primary sale market (ii) Secondary sale market (iii) Rental property market (iv) Auction property market (v) Real estate investment trust market

    All of them

  • 27

    Which of the following property/ies do/does not have a Certificate of Title? (i) A unit in a cluster housing project. (ii) A townhouse. (iii) A semi-detached house. (iv) A terrace house.

    (i), (ii)

  • 28

    Jason went to visit his friend's house, a 165sqm property with boundary walls adjacent to neighbours. Jason wants to buy a house similar to this one. As a salesperson, which property would you show Jason?

    Terrace House

  • 29

    You are required to apply for a change of use for a shophouse if: (i) There is a change from one Use Class to another Use Class. (ii) There is a change from one Use Class to another use that is not classified in the Use classification. (iii) There is a change from one use to another use in the same Use Class. (iv) There is a change of use from a coffee shop to a restaurant.

    (i), (ii)

  • 30

    Land Betterment Charge is payable for the following situation(s):

    A change from an old 4-storey building to a new 6-storey building.

  • 31

    The Planning Act:

    Regulates development and planning control in Singapore and is administered by the Urban Redevelopment Authority.

  • 32

    The Planning Act:

    Allows movement within the same Use Classes without written permission from URA.

  • 33

    Which of the following forms of development or property project is not exempted from payment of Land Betterment Charge?

    Converting a grassland into an apartment development.

  • 34

    The amount of Land Betterment Charge payable is determined based on

    Either the Valuation Method or the Table of Rates

  • 35

    Which of the following zoning is not covered in the Master Plan?

    Condominium zone

  • 36

    Amy was asked to sell a residential unit and she is not sure whether to advertise the property as an apartment or condominium. Which of the following helps her to determine this?

    The plot size of the project is 5000sqm.

  • 37

    Which of the following is true?

    Foreigners are not allowed to buy conservative shophouse that is approved for residential use without approval.

  • 38

    Which of the following statement is true about Good Class Bungalow?

    Maximum site coverage is 40%.

  • 39

    Which is most likely a strata-titled property?

    Cluster House.

  • 40

    X is looking for a warehouse to store his wine. Which is/are important? (i) Cargo lifts (ii) Loading unloading bay (iii) Catchment area (iv) Location (v) Anchor tenant (vi) Trade mix

    All but (iii), (v), (vi)

  • 41

    Max bought a piece of freehold land with a plot ratio of 2. Subsequent to the sale, the plot ratio of the land was increased to 2.8 under the Master Plan. To maximize the density of the land, Max is to pay

    Land Betterment Charge

  • 42

    A Bank is looking for a premise to house their back-room office services. They also wish to cut cost. Which of the following type of property will you advise the bank to take?

    Business Park

  • 43

    Ann bought a landed property, which has shared boundary walls on the left and right. She has a view of the pool, tennis court, and BBQ pit within the private estate. Ann most likely lives in a

    Cluster house

  • 44

    Which of the following will most likely have Subsidiary Strata Certificate of Titles?

    Les Offices, a 68-storey office complex.

  • 45

    If the owner of a bungalow wants to tear it down to build 2 semi-detached houses in a mixed-landed housing area, and the plot width of the original bungalow land is 12 metres, can he do it?

    No, plot width is not wide enough to covert the bungalow into a pair of semi-D.

  • 46

    What is a common feature between cluster housing and a condominium project?

    They are both issued with Subsidiary Strata Certificate of Titles.

  • 47

    Which of the following statement is false?

    Buyer's market is a situation where we have more demand than supply.

  • 48

    Which of the following is a macro factor affecting the demand and value of the property?

    Economic Growth

  • 49

    Which of the following is not a characteristic of the property market?

    It has perfect competition.

  • 50

    Mr and Mrs Lee are keen to buy a dual-key unit for investment. What is/are the main possible reason for their choice?

    To double the rental potential by renting both units out to different tenants, as such increasing the rental yield and source of income.

  • 51

    The transacted price is considered as the market price for the property at

    The time when the buyer exercises the Option to Purchase at arm's length transaction.

  • 52

    Which of the following will spur demand for housing?

    A low Sibor interest rate.

  • 53

    Mr and Mrs Lee are willing to pay $1 million for a Bishan executive flat. What is the possible reason for this in relation to real estate?

    Real estate is heterogenous.

  • 54

    What is the likely reason for Sentosa Cove landed properties to be attractive to foreigners?

    They have fewer restrictions on foreign ownership than those landed properties on the main island.

  • 55

    Government's recent proposal in asking the developers to release prices for newly launched projects 2 days before the launch itself is to make the property market more (i) Competitive (ii) Efficient (iii) Informative

    All of the above.

  • 56

    Government's cooling measures are implemented during

    the expansion stage of the real estate market.

  • 57

    When there is a massive increase in construction, banks start to worry and restrict loans. These situations happen during which stage of the real estate market?

    Expansion

  • 58

    When demand starts to fall & mortgage interest rate starts to rise, these situations happen during which stage of the real estate market?

    Decline

  • 59

    When there are many mortgagee sales, increasing vacancy and retrenchments, these situations happen during which stage of the real estate market?

    Recession

  • 60

    When there is an improvement in the economy, confidence returns and the vacancy rates decrease, such situations happen during which stage of the real estate market?

    Recovery

  • 61

    The length of the real estate cycle depends on all except

    Physical factors

  • 62

    A boom period in the real estate market occurs when there is

    Low unemployment rate

  • 63

    Real estate market starts to decline when

    Banks start to restrict loans

  • 64

    Which of the following measure curbs speculation in the real estate market?

    Implementation of Seller's Stamp Duty.

  • 65

    Which of the following is a more likely reason for people to rent an apartment than buy one?

    They want to maintain the liquidity.

  • 66

    The following are some physical characteristics of real properties, except for

    Illiquidity

  • 67

    A unit at St Regis Residences was sold at a loss of $15.8M but another unit raked a whopping profit of $12.8M 2 weeks later. What is the possible cause of this?

    Real estate market is imperfect and inefficient. Information on the latest transacted prices is not readily available.

  • 68

    Which of the following is not true?

    Properties affected by road expansion are enjoying a higher value.

  • 69

    Mr and Mrs Lee are keen to buy a dual-key unit for their own occupation. What is/are the main possible reason for their choice?

    They have 3 children and parents staying together. Dual-key unit will be most suitable for multi-generation living under one rood and at the same time could enjoy privacy.

  • 70

    Under what circumstances would it cause prices of industrial properties to go up?

    HDB acquires the HDB terrace workshops and converts them to HDB Build-To-Order flats.

  • 71

    What is a real estate market?

    A non-physical market where property transactions can take place without knowing who are the buyers and sellers.

  • 72

    What is the primary purpose of the real estate market?

    To allocate scarce resources of land by means of price mechanism.

  • 73

    Despite high property prices, demand for real estate continues to increase. What is the likely reason?

    There is high liquidity coupled with economic growth.

  • 74

    The mechanism used for the allocation of a scarce commodity is known as

    price mechanism

  • 75

    Which of the following situation shows that the real estate market is at an inflection point?

    The rise in near-term interest rate expectations indicates that a price reversal will be widespread across several regional key interests.

  • 76

    Which of the following will increase the supply of residential property?

    The change of zoning from commercial to residential.

  • 77

    Consider the following: (i) Growth rate of the economy (ii) Growth rate of the number of retirees (iii) Number of tourist arrivals The demand for office space is likely to be influenced by

    (i) only

  • 78

    Which of the following statements is correct?

    A property, though built 20 years ago, is not affected by functional obsolescence because there is an increasing preference for conserved properties.

  • 79

    One physical characteristic of real estate that is distinctive from other forms of assets is its

    heterogeneity

  • 80

    Which is not true of the real estate market in Singapore?

    Market information is efficient and perfect.

  • 81

    URA monitors the sale and rental values of properties including (i) HDB resale sector (ii) Private residential sector (iii) Executive condominium (iv) Industrial space (v) Shop space

    All but (i) and (iv)

  • 82

    Demand for real estate is __________ and supply is __________ in a short term.

    elastic ; inelastic

  • 83

    The government's measure(s) to curb runaway property prices is/are to (i) release more flats and new property launches (ii) relax monetary policies

    (i) only

  • 84

    The __________ shows the overall price movements of all types of private residential homes in Singapore. It is calculated based on caveats lodged with URA and includes only the property price but does not include other fees such as commission or stamp duties.

    URA Private Residential Property Price Index

  • 85

    Government Land Sale authorizes an agency to sell Industrial land. Which is the agency that is authorized to sell industrial land?

    JTC

  • 86

    Where or whom should one approach when seeking information pertaining to property market trends?

    Urban Redevelopment Authority

  • 87

    Which of the following phenomenon will you see in a "seller's" market?

    There are more buyers than sellers in the market.

  • 88

    Which of the following is an "Investment Sale"?

    Transaction sale of $10 million property.

  • 89

    Mary bought a terrace house. She has a __________, which provides her the exclusive right to the __________.

    Certificate of Title ; land and house

  • 90

    What is the physical characteristic of Real Estate that strata subdivision of land attempts to change?

    Indivisibility

  • 91

    Which of the following measures, that the government could introduce, will unlikely dampen the private property market?

    Build more rental flats for low-income families that have a household income of less than $1500.

  • 92

    URA analyzed prices and rental data of the private residential property market by

    core central region, rest of central region, outside central region

  • 93

    By investing in REITs, the real estate characteristic of __________ will end.

    illiquidity

  • 94

    Which of the following curb(s) speculation in the real estate market?

    Introduction of Seller's Stamp Duty.

  • 95

    The layout and size of the 5-room flats are similar but the locations and environment around the flats are always different. What characteristic of real estate is this?

    Heterogeneity

  • 96

    In Singapore, there is a lot of government intervention in the property market. When the government starts to reduce land sales and the supply of HDB flat, this is a sign that the market is at or approaching __________.

    recovery

  • 97

    As part of the property cooling measures introduced on 30 Sep 2022, private residential property owners (PPOs) and ex-PPOs are required to serve a wait-out period of 15 months after the disposal of their private properties before they are eligible to buy a non-subsidized resale flat. What is the possible effect of this?

    It will slow down the increase in HDB resale prices.

  • 98

    Which of the following data is not free on URA's website?

    Real Estate Information System

  • 99

    Prices of residential properties are escalating. The Government implemented measures to cool the property market. Which of the following is/are cooling measures implemented by the Government?

    All of the options.

  • 100

    Investing in property is not the same as investing in equities. There is a medium to long hold and it has high entry and exit costs. It is definitely not something that can turn over capital gains in merely two to three years' time. This is describing which of the following characteristics of real estate?

    Illiquidity