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 answer. As such, knowing some useful information about Singapore HDB flat for sale will put you in a better position to choose the next property to purchase.
There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading activly 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 the actual smallest of this category and require quantity of maintenance. They end up being occupied by like people and hence have built in equipments that are well informed and an easy to use. The 2 bedroom units are built to meet the needs of the lower income families, housing about 2 to 3 family members each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized the entire family. 5 room units and executive units are the largest HDB flats that are accommodate large families or extended folks. They have additional bathrooms and Fourth Avenue Residences Bukit timah living area, and are wonderfully designed to make it possible for all are efficient at live comfortably in unison. These HDB flats vary in design and layout, depending on his or her estate’s fixture and also the owner’s individual design.
Most would agree that living in a HDB flat is much like being part closely-knit community. Knowing next-door neighbors getting weekly gatherings at the void decks are 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 will need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in a Balloting Exercise (BE) or Built To acquire (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested people 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 this kind of a particular HDB flat at the location. Other the things which need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful information about Singapore HDB flat for sale are critical in making it possible to make a well informed decision regarding HDB flats in the future.