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 from a better position to decide the next property to purchase.
There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading activly 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 its kind and require the smallest amount maintenance. They end up being occupied by the elderly and hence have built in equipments that are modern and an . The 2 bedroom units are designed to meet the needs of the low income families, housing a couple of to 3 family members each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units will be largest HDB flats that are placement to accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to make it possible for all are fortunate to live comfortably in unison. These HDB flats vary in design and layout, depending located on the estate’s fixture and also the owner’s individual test.
Most would agree that living within a HDB flat is much like being part of a typical closely-knit community. Knowing next-door neighbors and having weekly gatherings in 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 Fourth Avenue Residences construction of that estate. You should check the various government websites to actually 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 info regarding Singapore HDB flat for sale are critical in helping you to make a well informed decision regarding HDB flats in the future.