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 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 within a better position to decide on the next property to purchase.
There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading actively works to ensure that amenities available 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 your smallest of this category and require the smallest amount maintenance. They have always been occupied by the elderly and hence have built in equipments that are up to date and an well designed. The 2 bedroom units were made to meet the needs of the low income families, housing about 2 to 3 households each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units include the largest HDB flats that are able to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to take care that all are known to live comfortably to each other. These HDB flats vary in design and layout, Fourth Avenue Residences depending regarding the estate’s fixture as well as owner’s individual test.
Most would agree that living from a HDB flat a lot being part of a closely-knit community. Knowing next-door neighbors and achieving weekly gatherings at 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 individual for a HDB flat. You will need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in either a 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 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 get a particular HDB flat at all location. Other the things which 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 helping you to make a knowledgeable decision regarding HDB flats in upcoming.