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 reasons why millions today have chosen HDB flats as their number one housing answer. As such, knowing some useful information about Singapore HDB flat for sale will put you from a better position to decide on the next property to look for.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading works to ensure that amenities on offer are able to meet the requirements 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 individuals and hence have built in equipments that are modern and an n accessible. The 2 bedroom units are supposed to meet the needs of the low income families, housing about 2 to 3 family members each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units end up being largest HDB flats that are equipped to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to take care that all are able to live comfortably to each other. These HDB flats vary in design and layout, depending on his or her estate’s fixture as well as owner’s individual test.
Most would agree that living in the HDB flat is certainly being part of a closely-knit community. Becoming familiar with next-door neighbors and achieving weekly gatherings in 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 person for a HDB flat. You should be able to match the respective HDB regulations for your preferred housing unit, and participate in the Balloting Exercise (BE) or Built To acquire (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, Fourth Avenue Residences Bukit timah 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 ensure that you are eligible to get a particular HDB flat at your best location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful the information needed for Singapore HDB flat for sale are critical in making it possible to make a well informed decision regarding HDB flats in the future.