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, Fourth Avenue Residences Bukit timah along with the ease of transportation are some of 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 within a better position to pick next property to purchase.
There are a total of 6 HDB flats available for purchase, these all 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 the particular smallest of its kind and require extremely maintenance. They are usually occupied by the elderly and hence have built in equipments that are well informed and an simple point and click. The 2 bedroom units were made to meet the needs of the low income families, housing about 2 to 3 loved ones each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized families. 5 room units and executive units will be largest HDB flats that are able to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are efficient at live comfortably to each other. These HDB flats vary in design and layout, depending on the estate’s fixture this type of owner’s individual design.
Most would agree that living within a HDB flat is certainly being part of a closely-knit community. Knowing next-door neighbors and having 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 an applicant 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 people who just love 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 best location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful info regarding Singapore HDB flat for sale are critical in assisting you to make a up to date decision regarding HDB flats in long term.