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 chance. As such, knowing some useful information about Singapore HDB flat for sale will put you in a better position to simply select the next property to purchase.
There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading actively 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 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 supposed to meet the needs of the low income families, 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 the entire family. 5 room units and executive units include the largest HDB flats that are willing to accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to take care that all are fortunate to live comfortably together. These HDB flats vary in design and Fourth Avenue Residences Bukit timah layout, depending regarding the estate’s fixture as well as owner’s individual test.
Most would agree that living within a HDB flat is certainly being part of a typical closely-knit community. Becoming familiar with next-door neighbors getting 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 candidate for a HDB flat. You will need to 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 acquire (BTO) process. In short, 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 things that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful details of Singapore HDB flat for sale are critical in allowing you to make a well informed decision regarding HDB flats in long term.