Question 1
Marcus compares the three downsizing and monetisation routes, including the rental possibilities of each. Consider the following statements.
- (i) Right-sizing to a smaller flat can qualify the Tans for the Silver Housing Bonus, which turns on a CPF Retirement Account commitment.
- (ii) A two-room Flexi flat can be bought by seniors on a short lease matched to their remaining years.
- (iii) After the minimum occupation period, a smaller Standard flat generally allows whole-flat rental, unlike a Prime flat.
- (iv) Under the Lease Buyback Scheme, the Tans could rent out the whole flat to boost their income.
Show the answer and full explanation
Answer: D
The rule. Right-sizing can qualify the Tans for the Silver Housing Bonus (a CPF Retirement Account commitment); a two-room Flexi flat can be bought on a short lease; and after the MOP a Standard flat generally allows whole-flat rental, unlike a Prime flat. Under the LBS they may not rent out the whole flat.
Why D is correct. (i), (ii) and (iii) are right; (iv) is false.
The other options.
- B drops (ii), the two-room Flexi short lease.
- C drops (iii), the Standard-flat rental point.
- A adds the false (iv), whole-flat rental under the LBS.
Exam note. Silver Housing Bonus and a short-lease Flexi are live options; the LBS bars whole-flat rental.