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 the reasons 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 within a better position to decide the next property to look for.
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 are the smallest of this category and require the least maintenance. They really are occupied by like people and hence have built in equipments that are modern and an easy to use. The 2 bedroom units are supposed to meet the needs of the lower income families, Fourth Avenue Residences condo housing about 2 to 3 close relatives each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized families. 5 room units and executive units include the largest HDB flats that are equipped to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to take care that all are efficient at live comfortably along with. These HDB flats vary in design and layout, depending on his or her estate’s fixture and also the owner’s individual taste.
Most would agree that living in a HDB flat a lot being part of a closely-knit community. Understanding next-door neighbors getting weekly gatherings at the void decks are some 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 applicant for a HDB flat. You have to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in no matter whether 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 people who just love a preferred location submitting tender for construction of that estate. You should check the various government websites to ensure that you are eligible eighteen, you are a particular HDB flat at your selected location. Other what need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful the information needed for Singapore HDB flat for sale are critical in helping you to make a kept informed decision regarding HDB flats in the future.