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 answer. As such, knowing some useful information about Singapore HDB flat for sale will put you from a better position to choose 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 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 are the smallest of this category and require the smallest amount maintenance. They are usually occupied by the elderly and hence have built in equipments that are up to date and an n accessible. The 2 bedroom units are intended to meet the needs of the lower income families, housing a couple of to 3 family members each. The three or 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 placement to accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are fortunate to live comfortably collectively. These HDB flats vary in design and layout, depending on the estate’s fixture as well as owner’s individual design.
Most would agree that living in the HDB flat is really being part closely-knit community. Knowing next-door neighbors and achieving weekly gatherings at the void decks are some of the reasons why adults and Fourth Avenue Residences 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 need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in the 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 just love a preferred location submitting tender for construction of that estate. You should check the various government websites to actually are eligible to try to get a particular HDB flat at your selected location. Other the things which need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful details of Singapore HDB flat for sale are critical in helping you to make a knowledgeable decision regarding HDB flats in long term.