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 option. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to choose the next property to look for.
There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading functions ensure that amenities available 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 would be smallest of this category and require quantity of maintenance. They have always been occupied by older people and hence have built in equipments that are modern and an easy to use. The 2 bedroom units are designed to meet the needs of the lower income families, housing about 2 to 3 family members each. The three or four 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 end up being largest HDB flats that are placement to accommodate large families or extended families. They have additional bathrooms and Fourth Avenue Residences Bukit timah living area, and are wonderfully designed to make it possible for all are known to live comfortably in unison. These HDB flats vary in design and layout, depending on his or her estate’s fixture this type of owner’s individual small sample.
Most would agree that living from a HDB flat a lot being part of a typical closely-knit community. Becoming familiar with next-door neighbors and having weekly gatherings at 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 a job candidate for a HDB flat. You 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 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 apply for a particular HDB flat at your selected location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful information about Singapore HDB flat for sale are critical in assisting you to make a kept informed decision regarding HDB flats in long term.