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, coupled with the ease of transportation are some of 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 in the better position to decide the next property to procure.
There are a total of 6 HDB flats available for purchase, these all 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 the particular smallest of this category and require quantity of maintenance. They really are occupied by older people and hence have built in equipments that are up to date and an well designed. The 2 bedroom units are designed to meet the needs of the low income families, housing a couple of 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 familys. 5 room units and executive units are the largest HDB flats that are willing to accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to make it possible for all are in a position live comfortably together. These HDB flats vary in design and layout, depending on top of the estate’s fixture this type of owner’s individual taste.
Most would agree that living in the HDB flat is really being part of a closely-knit community. Getting to know next-door Fourth Avenue Residences neighbors getting weekly gatherings at 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 have to be able to match the respective HDB regulations for your preferred housing unit, and participate in either a 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 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 what need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful info regarding Singapore HDB flat for sale are critical in assisting you to make a knowledgeable decision regarding HDB flats in long term.