The Housing & Development Board (HDB) is Singapore’s public housing authority. Its aim was to resolve housing shortage issues after Singapore gained independence in 1965, building flats mainly for rental by low-income groups. Today, HDB flats have become the most sought after properties in Singapore as they are comparatively affordable. HDB estates are self-sufficient with facilities such as supermarkets, clinics, shopping centers, schools, playgrounds and more. The convenience it promises with amenities in close proximity, coupled with the ease of transportation are some of reasons why millions today have chosen HDB flats as their number one housing chance. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to decide the next property to procure.
There are a total of 6 HDB flats available for purchase, which all undergo regular upgrading works to ensure that amenities available are able to meet the requirements its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments would be smallest of this category and require a minimum of maintenance. They are usually occupied by the elderly and hence have built in equipments that are well informed and an n accessible. The 2 bedroom units are intended to meet the needs of the lower income families, housing a couple of to 3 close relatives each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units end up being largest HDB flats that are equipped to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to make sure all are able to live comfortably in unison. These HDB flats vary in design and layout, depending located on the estate’s fixture as well as the owner’s individual small sample.
Most would agree that living from a HDB flat is much like being part of a typical closely-knit community. Understanding next-door neighbors getting weekly gatherings at the void decks are among the reasons why adults and kids alike enjoy being a resident of their estate.
There are various criteria to fulfill in order to qualify as a person for a HDB flat. You have to be able to fulfill the respective HDB regulations for your preferred housing unit, Fourth Avenue Residences condo and participate in regardless of whether Balloting Exercise (BE) or Built To buy (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested those who own a preferred location submitting tender for construction of that estate. You should check the various government websites to ensure that you are eligible to apply for a particular HDB flat at your best location. Other what need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful information about Singapore HDB flat for sale are critical in assisting you to make a up to date decision regarding HDB flats in the future.