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 chance. As such, knowing some useful information about Singapore HDB flat for sale will put you in a better position to decide on the next property to procure.
There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading will ensure that amenities on offer 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 would be smallest of its kind and require a minimum of maintenance. They really are occupied by like people and hence have built in equipments that are well informed and an n accessible. The 2 bedroom units are supposed to meet the needs of the lower income families, housing about 2 to 3 loved ones each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized families. 5 room units and executive units end up being largest HDB flats that are equipped to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are able to live comfortably together. These HDB flats vary in design and layout, depending on the estate’s fixture as well as owner’s individual design.
Most would agree that living within a HDB flat is like being part closely-knit community. Becoming familiar with next-door neighbors and achieving 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 an individual for a HDB flat. You should be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in no matter whether Balloting Exercise (BE) or Built To buy (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, Fourth Avenue Residences condo 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 actually are eligible to get a particular HDB flat at the location. Other the things which need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful information about Singapore HDB flat for sale are critical in helping you to make a well informed decision regarding HDB flats in foreseeable future.