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 reasons why millions today have chosen HDB flats as their number one housing sensible choice. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to pick next property to get hold of.
There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading functions ensure that amenities on offer are able to meet the requirements its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments your smallest of this category and require quantity of maintenance. They have always been occupied by senior citizens and hence have built in equipments that are up to date and an easy to use. The 2 bedroom units are designed to meet the needs of the low income families, housing a couple of to 3 family members each. The 3 to 4 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 accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are efficient at live comfortably along with. These HDB flats vary in design and layout, depending regarding the estate’s fixture as well as the owner’s individual taste.
Most would agree that living within a HDB flat a lot being part of a closely-knit community. Knowing next-door neighbors getting weekly gatherings in 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 Fourth Avenue Residences condo a HDB flat. You are being able to match the respective HDB regulations for your preferred housing unit, and participate in no matter whether Balloting Exercise (BE) or Built To buy (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 get a particular HDB flat at your best location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful details of Singapore HDB flat for sale are critical in helping you to make a up to date decision regarding HDB flats in upcoming.