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 within a better position to decide on the next property to purchase.
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 its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments your smallest of this category and require a minimum of maintenance. They will be occupied by older people and hence have built in equipments that are up to date and an well designed. The 2 bedroom units were made 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 Fourth Avenue Residences Bukit timah middle-sized friends. 5 room units and executive units will be largest HDB flats that are able to accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to sure all are able to live comfortably in unison. These HDB flats vary in design and layout, depending regarding the estate’s fixture this type of owner’s individual design.
Most would agree that living from a HDB flat a lot being part of your respective closely-knit community. Knowing next-door neighbors and having weekly gatherings in the void decks are among 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 fulfill the respective HDB regulations for your preferred housing unit, and participate in the 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 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 all location. Other tasks that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful info regarding Singapore HDB flat for sale are critical in assisting you to make a well informed decision regarding HDB flats in foreseeable future.