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 chance. 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 procure.
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 of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments your smallest of its kind and require the least maintenance. They will be occupied by older people and hence have built in equipments that are up to date and an . The 2 bedroom units are supposed to meet the needs of the lower income families, housing a couple of to 3 households each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units will be largest HDB flats that are willing to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are fortunate to live comfortably together. These HDB flats vary in design and layout, depending regarding the estate's fixture much better owner's individual design.
Most would agree that living in the HDB flat is much like being part of a closely-knit community. Knowing next-door neighbors and having weekly gatherings at the void decks are 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 job candidate for a HDB flat. You will need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in regardless of whether Balloting Exercise (BE) or Built To acquire (BTO) process. In short, Fourth Avenue Residences condo 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 this kind of a particular HDB flat at your preferred location. Other tasks that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful info regarding Singapore HDB flat for sale are critical in allowing you to make a knowledgeable decision regarding HDB flats in upcoming.