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 the reasons 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 from a better position to pick 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 needs of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments the actual smallest of its kind and require a minimum of maintenance. They really are occupied by like people and hence have built in equipments that are current and an well designed. The 2 bedroom units were made to meet the needs of the lower income families, housing a couple of to 3 households each. The 3 to 4 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 your largest HDB flats that are accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to take care that all are known to live comfortably along with. These HDB flats vary in design and layout, depending on top of the estate’s fixture as well as owner’s individual design.
Most would agree that living from a HDB flat is certainly being part of their closely-knit community. Getting to know next-door neighbors and achieving 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 an individual 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 Fourth Avenue Residences condo 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 selected location. Other tasks that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful information about Singapore HDB flat for sale are critical in allowing you to make a kept informed decision regarding HDB flats in foreseeable future.