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 option. 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 pick up.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading functions 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 the actual smallest of this category and require a minimum of maintenance. They really are occupied by like people and hence have built in equipments that are up-to-date and an simple point and click. The 2 bedroom units are built to meet the needs of the low income families, housing about 2 to 3 households each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units your largest HDB flats that are placement to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to take care that all are efficient at live comfortably to each other. These HDB flats vary in design and layout, depending regarding the estate’s fixture as well as owner’s individual test.
Most would agree that living in a HDB flat is really being part of your respective closely-knit community. Learning the needs of 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 an applicant for a HDB flat. You will need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in no matter whether Balloting Exercise (BE) or Built To buy (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, Fourth Avenue Residences condo whereas the BTO process involves interested those who own a preferred location submitting tender for construction of that estate. You should check the various government websites to actually are eligible to apply for a particular HDB flat at all location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful information belonging to Singapore HDB flat for sale are critical in assisting you to make a well informed decision regarding HDB flats in foreseeable future.