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 reasons why millions today have chosen HDB flats as their number one housing sensible choice. As such, knowing some useful information about Singapore HDB flat for sale will put you in a better position to decide the next property to look for.
There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading actively works to 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 the particular smallest of its kind and require the least maintenance. They are usually occupied by individuals and hence have built in equipments that are up to date and an well designed. The 2 bedroom units are intended to meet the needs of the lower income families, housing a couple of to 3 loved ones each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units are the largest HDB flats that are equipped to accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to make sure all are efficient at live comfortably collectively. These HDB flats vary in design and layout, depending on his or her estate’s fixture as well as the owner’s individual design.
Most would agree that living in a HDB flat is like being part of your respective closely-knit community. Knowing next-door Fourth Avenue Residences Bukit timah neighbors getting 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 person for a HDB flat. You should be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in either a Balloting Exercise (BE) or Built To acquire (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 all location. Other the things which need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful info regarding Singapore HDB flat for sale are critical in letting you make a kept informed decision regarding HDB flats in foreseeable future.