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, along with the ease of transportation are some of why millions today have chosen HDB flats as their number one housing resolution. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to choose the next property to procure.
There are a total of 6 HDB flats available for purchase, which all undergo regular upgrading activly works to ensure that amenities available are able to meet the requirements of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments would be smallest of its kind and require the least maintenance. They really are occupied by senior citizens and hence have built in equipments that are modern and an well designed. The 2 bedroom units are built 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 families. 5 room units and executive units your largest HDB flats that are willing to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to make it possible for all are able to live comfortably in unison. These HDB flats vary in design and layout, depending on the estate’s fixture as well as the owner’s individual taste.
Most would agree that living in the HDB flat is much like being part of their closely-knit community. Knowing next-door neighbors getting weekly gatherings at the void decks are some of 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 candidate for a HDB flat. You should be able to match the respective HDB regulations for your preferred housing unit, and participate in either a Balloting Exercise (BE) or Built To acquire (BTO) process. In short, Fourth Avenue Residences the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested people who just love a preferred location submitting tender for construction of that estate. You should check the various government websites to ensure that you are eligible to get a particular HDB flat at all location. Other the things which need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful information about Singapore HDB flat for sale are critical in helping you to make a knowledgeable decision regarding HDB flats in the future.