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 the reasons why millions today have chosen HDB flats as their number one housing resolution. As such, knowing some useful information about Singapore HDB flat for sale will put you in a better position to pick next property to purchase.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading functions ensure that amenities on offer are able to meet the needs of its people. They are Studio Apartments (SA), Fourth Avenue Residences 2,3,4,5 room units and executive units.
Studio Apartments are the smallest of its kind and require the least maintenance. They have always been occupied by senior citizens and hence have built in equipments that are up to date and an . The 2 bedroom units are intended to meet the needs of the low 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 include the largest HDB flats that are willing to accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to sure all are fortunate to live comfortably in unison. These HDB flats vary in design and layout, depending regarding the estate’s fixture and also the owner’s individual tang.
Most would agree that living in a HDB flat is like being part of a typical closely-knit community. Becoming familiar with next-door neighbors and achieving weekly gatherings at 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 a person for a HDB flat. You should be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in regardless of 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 own 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 the things which need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful info regarding Singapore HDB flat for sale are critical in making it possible to make a kept informed decision regarding HDB flats in long term.