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 option. As such, knowing some useful information about Singapore HDB flat for sale will put you from a better position to decide the next property to procure.
There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading works to 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 its kind and require extremely maintenance. They will be occupied by like people and hence have built in equipments that are current and an well designed. The 2 bedroom units are designed to meet the needs of the low income families, housing a couple of to 3 household members each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized the entire family. 5 room units and executive units are the largest HDB flats that are accommodate large families or extended home owners. They have additional bathrooms and living area, and Fourth Avenue Residences are wonderfully designed to take care that all are in a position live comfortably to each other. These HDB flats vary in design and layout, depending on the estate’s fixture and also the owner’s individual design.
Most would agree that living within a HDB flat a lot being part of your respective closely-knit community. Getting to know next-door neighbors getting 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 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 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 this kind of a particular HDB flat at your best 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 helping you to make a kept informed decision regarding HDB flats in earth.