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, Fourth Avenue Residences condo 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 a better position to pick next property to pick up.
There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading activly works to 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 are the smallest of this category and require the smallest amount maintenance. They are usually occupied by individuals and hence have built in equipments that are up-to-date and an simple point and click. The 2 bedroom units were made to meet the needs of the lower income families, housing about 2 to 3 households each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units are 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 sure all are fortunate to live comfortably in unison. These HDB flats vary in design and layout, depending on his or her estate’s fixture as well as owner’s individual design.
Most would agree that living in a HDB flat a lot being part of a closely-knit community. Understanding next-door neighbors and having weekly gatherings in 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 a person for a HDB flat. You have to be able to match the respective HDB regulations for your preferred housing unit, and participate in either 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 people who own a preferred location submitting tender for construction of that estate. You should check the various government websites to actually are eligible to apply for a particular HDB flat at the location. Other what 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 assisting you to make a well informed decision regarding HDB flats in earth.