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Daniel, a mere occupier, is not a second-timer

A worked RES examination question on income ceiling and first timer, from our Paper 2 bank — with the rule it turns on, and why each of the four options is right or wrong.

Paper 2Lesson 6Income ceiling and first timerFree — no sign-up

The question

Grace assesses the household's first-timer standing. Consider the following statements.

  1. (i) Mdm Nadia's 2019 transfer of her share to her brother erased the earlier subsidy from the household's record.
  2. (ii) Daniel, being only an occupier on his late father's flat, is not thereby a second-timer.
  3. (iii) Had Daniel instead taken over ownership of his father's directly-purchased flat, he would have become a second-timer.
  4. (iv) For subsidy purposes, the household is assessed as second-timers because of Mdm Nadia's earlier grant-assisted flat.
  1. A. (iii) and (iv) only
  2. B. (ii), (iii) and (iv) only
  3. C. (ii) and (iv) only
  4. D. (ii) and (iii) only

The answer, and why

Answer: B

The rule. A CPF-grant resale flat counts as a subsidy, so Mdm Nadia's history makes the household second-timers (assessed as one unit); transferring her share away did not erase it. Daniel, a mere occupier, is not a second-timer, but taking over ownership would make him one.

Why B is correct. (ii), (iii) and (iv) are right; (i) is false — the transfer did not erase the subsidy.

The other options.

  • A drops (ii), the occupier point.
  • C drops (iii), the take-over-ownership point.
  • D drops (iv), the household-second-timer conclusion.

Exam note. The wife's grant flat makes the household second-timer; her 2019 transfer changed nothing. Daniel, an occupier, is untouched.

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