The minimum paid up capital for a sale licence under the Housing

Developers (Control and Licensing) Act is

$1Million
A government body has the right to take private land of an individual for the
public good through ________. (compulsory acquisition)

Foreigners who own Sentosa Cove bungalows need not enter into a
_________ (Bond) which is valued at 50% of the value of property they
own.
A title search in the public records may be conducted by _________.
(Any interested parties)

Title to real estate may be transferred during a person's lifetime by ______.

(Voluntary alienation)
The duties of a real estate salesperson do not include: (Getting a loan from
bank)
The Minimum Occupation Period (MOP) for Resale Flats bought in the
open market (without CPF Housing Grant Scheme) is _________ (5years)
from effective date of resale, regardless of the type of loan taken by the
owners or loan status, if HDB received the resale application on and after
30 August 2010.
Robert has bought an apartment at Tampines for his own stay with his
family. In this case, how much would Robert need to pay for property tax if
this apartment is owner-occupied? Robert would have to pay ____%
You answered: 4% (correct)
Under Estate Agents Act Section 28(2), estate agents operating without a
licence will be: (Fined not exceeding $75,000 or to imprisonment for a term
not exceeding 3 years or to both)
Examples of misleading advertising headlines and claims include:(All of the
above Use laymans approach, not law approach)
Details that Real Estate Salespersons must include in their advertisements
are: (Salespersons name, registration number and contact number)

When signing the Prescribed Estate Agency Agreement, the address to be

written below the signature of the salesperson or estate agent may be: The
salespersons or estate agents address
_________ (mortgage) is an interest in land created when the property is
pledged as security for repayment of a loan.
An Option to Purchase is usually granted ___________ (by the seller to the
buyer) to purchase his property in consideration for an Option Fee

Peter wants to buy an industrial building space but wants to have an office
in the space as well. Based on the guidelines, the minimum usage of pure
industrial space that Peter can possibly have is 60% (60% industrial-40
Rule)

For residential properties bought on or after 14 January 2011, the Sellers

Stamp Duty to be levied if the property is sold in the first year of purchase
is: 16%

SMS text advertisements must provide:

A mobile telephone number for consumers to opt out of future SMS
advertisements
No SMS advertising or cold calling is allowed after _______.(10pm)

Land tenure refers to: the duration of the ownership of the land
Pole House is not a type of homes available in Singapore.

The Estate Agents Act was passed by Parliament on (15-Sep-10)

Generally, legal contracts for the sale and purchase of property take _____
(two) forms.

Your tenant, Marina, leased an apartment at Grange Road from Poh, who
is the landlord cum owner. 7 months later, Poh's bank sends a letter to
Marina asking her to evict as Poh has not been paying the mortgage. What
can Marina do? (leave the premises do not use law approach, use
laymans approach)

The minimum option fee payable under the Housing Developers (Control and Licensing) Act
is _________.
Option fee: An option to purchase reserves the property exclusively for the interested buyer
for a short period of time, usually 2 weeks.

The legal right of a creditor to sell mortgaged property when the debtor is unable or unwilling
to meet requirements of a loan agreement is called a _________. (Lien)

6 Years for landlords to sue for rent arrears.

Property identification Singapore property for sale/ rent

The identification of property is not from the address of the property. It is identified
by the district (Mukim or Town Subdivision) and the lot number. Singapore property
for sale/ rent.
Under the Boundaries and Survey Map Act, land in Singapore is demarcated into 64
districts as follows:

There are 30 Town Subdivisions (TS) districts in the town area.

There are 34 Mukim (MK) districts in the rural area.

Under the Lot Base System (LBS), lot numbers are of 3 types as follows:

The land lot number is for Certificate of Title property e.g. MK 10 Lot 123X. The land
lot number does not have any letter after the MK/TS number. An example of a Certificate
of Title property is a bungalow.

The strata lot number is for Subsidiary Strata Certificate of Title property e.g. MK 20

Lot U123X. The strata lot is identified by the letter U after the MK/TS number. An
example of Subsidiary Strata Certificate of Title property is a Condominium.
An example of an accessory lot is a car park lot that comes with a strata lot e.g. MK 30

Lot A123X. The accessory lot is identified by the letter A after the MK/TS number. The
accessory lot must be sold with the strata lot.
Real Estate Agency Industry Overview
http://www.100qns.com/cu01---real-estate-agency-industry-overview.html

CU01 - REAL ESTATE AGENCY INDUSTRY OVERVIEW

NOTES

Housing Development Board (HDB)

Planning, regulation and selling of new public flats

Around 82% of Singapores population stays in Public Residential housing

Affordable and Quality Homes

Provided with various commercial, recreational and social facilities and amenities for the
convenience of residents

Authority over HDB flats transaction

Provide Concessionary home loan

Build To Order (BTO)

Allows HDB flats to be built according to housing demand

Offers flexibility in location and timing for flat buyers

Design Build and Sell Scheme (DBSS)

Introduced in 2005

Involves private sector in the development of public housing

Greater innovation in the building and design of flats

More housing choices to flat buyers.

Applicants can purchase direct for private developers or use HDBs Conveyance services

Executive Condominium (EC)

Introduced to cater to Singaporeans, especially young graduates and professionals who can
afford more than an HDB flat but find private property out of their reach.

Comparable in design and facilities to private condominiums as they are developed and sold
by private developers

Resale Flats

Any open market HDB flats by occupant (seller)

Can be marketed by owners or Agents

Occupants must fulfill the Minimum Occupation Period (MOP) and eligibility to sell

Buyers must fulfill the eligibility to buy

LANDED RESIDENTIAL

Total of 58 designated Landed Housing Areas

Good Class Bungalows

39 gazetted GCB areas

Min size = 1400 sqm or 15,069.6 sft

Detached (also called bungalows)

Min size = 400 sqm or 4,305.6 sft

Min frontage = 10 m

Semi-Detached

Min size = 200 sqm or 2,152.8 sft

Min frontage = 8 m

Terrace Houses

Corner Min size = 200sqm (80sqm for Type II), Min Frontage = 8m

Inter Min size = 150sqm (80sqm for Type II), Min frontage = 6m

Town Houses and Cluster Houses

Considered as landed form even though they are strata titled. Foreigners must apply for
special approval from Land Dealings

(Approval) Unit (LDU) under Singapore Lands Authority (SLA)

Cluster houses a hybrid between conventional landed housing and condominium housing.
All units have ground contact but with shared facilities similar to those found in
condominiums.

Town House - One in a row of not less than 3 residential units

having ground contact and common ownership of the land

CONDOMINIUMS AND APARTMENTS

Land parcel subdivided into AIRSPACE or vertical lots for residential dwelling

Under Land Titles (Strata) Act, Strata-titles to be conferred on each separate residential lot
(Subsidiary Strata Certificate Of Title or SSCT)

Each purchaser will have a certain percentage SHARE in the COMMON property and each
owner must pay amount to management and sinking funds

Foreigners are allowed to purchase. (Note: even through cluster houses and town houses are
strata-titled, they are still considered as restricted property to foreigners)

Key differences between the two:

Condos have common facilities, e.g. pool, tennis courts, gym, etc

Total land area of the condo development should be at least 4,000sqm

Approved and accorded the title of "condominium" by the relevant authorities

COMMERCIAL PROPERTIES

HDB Shop - Shop space within a HDB block

Office - Office space in commercial office buildings or shop house

Restaurant / Lounge - Commercial space suitable for cafe, restaurant, lounge businesses

Shop/Shop space - For retail business in malls or shophouse

Shophouse - Row of low-rise shops joint side by side with a living quarter / office above them

Warehouse space for storage - May include some office space

HDB Commercial Property

Provided by HDB for short-term leases or tenancies in heartland estates

Office usage

Tuition centres

Pre schools

INDUSTRIAL PROPERTIES

HDB Industrial Premises

Warehouses, flatted factories and terrace workshops

JTC Industrial Facilities

Industrial Facilities owned by REITs

Business parks

Factories

Warehouses

Chemical plants

Most important developer of industrial land properties is JTC Corporation (JTC)

Property Types provided by JTC:

Prepared industrial land For custom built facilities on 30 or 60 years lease

Ready-build factoriesLight and clean industries

Start-up spaces / Range of start-up spaces for technopreneurs

Specialized parks / For industries with specific facilities or location requirements, such
as wafer fabrication parks, business parks and biomedical parks

Basic Real Estate Terminologies

http://www.100qns.com/cu02---basic-real-estate-terminologies.html

CU02 - BASIC REAL ESTATE TERMINOLOGIES

Land

refers to the rights and interests in land

includes corporeal hereditaments (tangible objects) such as buildings, minerals, trees, air
space, underground spaces, fixtures. They may be seen and felt.

also includes incorporeal hereditaments (intangible objects), such as rights, interests,

easements, etc.

However, subjected to restrictions such as height, set backs from boundary linkes, land use,
etc.

Boundaries and Survey Map Act (Cap 25)

provides for demarcation of land in Singapore

Singapore is divided in 64 districts comprising 30 town subdivisions (TS) survey districts and
34 Mukim (MK - or Rural) survey districts

Each district is divided into plots

Singapore Land Authority (SLA) uses the Lot Base System (LBS) as inventory of all lots
numbers. This records the history of lot creation, amalgamation and subdivision of lots.

Real Property

intangible real properties include rights on land, leases, air rights, easements, restrictive
covenants

tangible personal properties include movable properties which can be easily removed without
damage to property

Intangible personal properties which includes license to use land, as well as beneficial interest
under real estate trust

Chattel

are personal properties that are attached to the land or building so that it legally becomes part
of the land itself. This includes fixtures such as built-in wardrobes, bathtubs, etc.

Fixtures are real properties and are automatically passed to the purchaser of the land or
property.

Interests in Land

right over another person's land

Type 1: Caveatable or Legal

legal interests such as leases which are denied registration (e.g. charge by way of a
mortgage)

beneficial interests under a settlement or trust

liens created by deposit of instruments of titles as security for loan

unpaid vendor's lien

Type 2: Non-caveatable or Equitable

Creditors or licensees who only have license to occupy the property

Property Rights

1. Right of possession
2. Right of enjoyment
3. Right of Disposition
4. Right of control
5. Right of Exclusivity

Note that the property owner's rights is subjected to the government and state's rights to limit land
usage as well as property tax liabilities.
Estate

RIght to control and use the land for the length of time which the land or property is being
held.

Freehold: owner holds the land forever, subject to the State's rights.

Grant/Estate in Fee Simple - absolute freehold estate without obligation to pay rent except
statutory charges such as property taxes.

Estate in Perpetuity / Statutory Land Grant - subject to implied terms under the State Lands
Act (Singapore)

Leasehold Estate - has definite duration and comes to and end at specified date, usually 99
years, 999 years or 9999 years as well as for shorter terms such as 30 or 60 years.

Checking of Land Zone and Gross Plot Ratio

https://www.ura.gov.sg/maps/
Plot ratio = Gross Floor Area / Site Area

https://www.ura.gov.sg/uol/master-plan/View-Control-Plans/Building-Height-Plan.aspx

CPF Housing Grants for HDB Flats

http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/cpf-housing-grants-for-hdbflats

Rental Income, income tax and allowable expenses

https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-YourTaxes/What-is-Taxable-What-is-Not/Rental-Income-and-Expenses/

Minimum Occupation Period

http://www.hdb.gov.sg/cs/infoweb/business/estate-agents--salespersons/selling-aflat/mop-undone-page

Annual Value
https://www.iras.gov.sg/irashome/Property/Property-owners/Learning-thebasics/About-Annual-Value/

Real Estate Offences and Non-Compliance

https://www.cea.gov.sg/cea/content/estate_agencies_agents/compliance_disciplin
e/offences.html

Ethical Advertising
https://www.cea.gov.sg/cea/content/binary/pdfFiles/PG22011PracticeGuidelinesonEthicalAdvertising.pdf

Seller Stamp duty for Residential property

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Workingout-your-Stamp-Duty/Selling-or-Disposing-Property/Seller-s-Stamp-Duty--SSD--forResidential-Property/

Estate Agency Agreement

https://www.cea.gov.sg/cea/content/estate_agencies_agents/forms_docs/estateA
gencyAgreement.html

Costs and Fees

http://www.propertyguru.com.sg/singapore-property-resources/singaporemortgage-and-loan-guides/cost-of-purchasing-a-property-in-singapore

Rights and Liabilities of Mortgagees in

Respect of Tenanted Properties
http://www.lawgazette.com.sg/2000-9/Sep00-focus2.htm