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 in the better position to simply select the next property to look for.
There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading works to ensure that amenities on offer are : able to meet the requirements of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments the actual smallest of its kind and require quantity of maintenance. They are usually occupied by the elderly and hence have built in equipments that are well informed and an well designed. The 2 bedroom units are built to meet the needs of the lower income families, housing about 2 to 3 loved ones each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units end up being largest HDB flats that are willing to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to sure all are able to live comfortably collectively. These HDB flats vary in design and layout, depending regarding the estate’s fixture as well as owner’s individual small sample.
Most would agree that living within a HDB flat is really being part of your respective closely-knit community. Understanding next-door neighbors and achieving weekly gatherings in the void decks are among 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 will need to be able to match the respective HDB regulations for your preferred housing unit, and participate in the Balloting Exercise (BE) or Built To buy (BTO) process. In short, Fourth Avenue Residences condo 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 preferred location. Other tasks that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful details of Singapore HDB flat for sale are critical in letting you make a knowledgeable decision regarding HDB flats in long term.