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 from a better position to decide the next property to procure.
There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading functions ensure that amenities on offer 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 would be smallest of its kind and require a minimum of maintenance. They will be occupied by older people and hence have built in equipments that are modern 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 three to 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 able to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to make sure all are efficient at live comfortably collectively. These HDB flats vary in design and layout, Fourth Avenue Residences depending located on the estate’s fixture and also the owner’s individual tang.
Most would agree that living from a HDB flat a lot being part of their 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 an applicant for a HDB flat. You should be able to match the respective HDB regulations for your preferred housing unit, and participate in a Balloting Exercise (BE) or Built To order (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 actually are eligible to get a particular HDB flat at all location. Other things that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful info regarding Singapore HDB flat for sale are critical in helping you to make a well informed decision regarding HDB flats in foreseeable future.