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 the 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 within a better position to decide the next property to look for.
There are a total of 6 HDB flats available for purchase, all of which 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 the particular smallest of its kind and require the smallest amount maintenance. They end up being occupied by senior citizens and hence have built in equipments that are up-to-date and an . The 2 bedroom units were made to meet the needs of the low income families, housing a couple of to 3 households each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized the entire family. 5 room units and executive units end up being largest HDB flats that are placement to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are known to live comfortably to each other. These HDB flats vary in design and layout, depending on his or her estate’s fixture and also the owner’s individual taste.
Most would agree that living from a HDB flat is really being part of a typical closely-knit community. Knowing next-door neighbors and achieving weekly gatherings at 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 an applicant for a HDB flat. You need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in a Balloting Exercise (BE) or Built To order (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 Fourth Avenue Residences Bukit timah 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 your best location. Other tasks that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful info regarding Singapore HDB flat for sale are critical in assisting you to make a well informed decision regarding HDB flats in the future.