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 a better position to simply select the next property to look for.
There are a total of 6 HDB flats available for purchase, which all undergo regular upgrading functions ensure that amenities on offer are able to meet the requirements its people. They are Studio Apartments (SA), Fourth Avenue Residences condo 2,3,4,5 room units and executive units.
Studio Apartments the actual smallest of this category and require the least maintenance. They will be occupied by the elderly and hence have built in equipments that are current and an easy to use. The 2 bedroom units were made 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 friends. 5 room units and executive units include the 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 to each other. 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 closely-knit community. Getting to know next-door neighbors and having weekly gatherings in the void decks are one 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 an individual for a HDB flat. You need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in the 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 owners of 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 the location. Other the things which need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful information about Singapore HDB flat for sale are critical in letting you make a kept informed decision regarding HDB flats in upcoming.