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 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 in a better position to pick next property to procure.
There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading activly 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 extremely maintenance. They end up being occupied by the elderly and hence have built in equipments that are well informed and Fourth Avenue Residences condo an n accessible. The 2 bedroom units are designed to meet the needs of the lower 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 families. 5 room units and executive units are the largest HDB flats that are placement to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are in a position live comfortably in unison. These HDB flats vary in design and layout, depending located on the estate’s fixture as well as owner’s individual taste.
Most would agree that living from a HDB flat is like being part of your respective closely-knit community. Knowing next-door neighbors and achieving weekly gatherings in 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 need to be able to match the respective HDB regulations for your preferred housing unit, and participate in a Balloting Exercise (BE) or Built To order (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 apply for a particular HDB flat at all location. Other dysfunctions that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful the information needed for Singapore HDB flat for sale are critical in letting you make a well informed decision regarding HDB flats in long term.
