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 resolution. As such, knowing some useful information about Singapore HDB flat for sale will put you within a better position to choose the next property to pick up.
There are a total of 6 HDB flats available for purchase, Fourth Avenue Residences condo that undergo regular upgrading will 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 have always been occupied by the elderly and hence have built in equipments that are up-to-date and an simple point and click. The 2 bedroom units are supposed to meet the needs of the lower income families, housing about 2 to 3 households each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units include the largest HDB flats that are placement to accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to take care that all are in a position live comfortably along with. These HDB flats vary in design and layout, depending located on the estate’s fixture this type of owner’s individual test.
Most would agree that living within a HDB flat is much like being part of your respective closely-knit community. Getting to know next-door neighbors getting weekly gatherings at the void decks are some 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 individual for a HDB flat. You will need to be able to match 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 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 selected location. Other things that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful info regarding Singapore HDB flat for sale are critical in helping you to make a kept informed decision regarding HDB flats in upcoming.