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 the reasons 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 in a better position to decide the next property to purchase.
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 of 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 the smallest amount maintenance. They end up being occupied by individuals and hence have built in equipments that are well informed and an simple point and click. The 2 bedroom units are intended to meet the needs of the low income families, housing a couple of to 3 family members each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units include the largest HDB flats that are equipped to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to ensure 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 design.
Most would agree that living from a HDB flat a lot being part of your respective closely-knit community. Getting to know 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 are being able to fulfill the respective HDB regulations for your preferred housing unit, and participate in a Balloting Exercise (BE) or Built To acquire (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, Fourth Avenue Residences 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 ensure that you are eligible to apply for a particular HDB flat at your preferred location. Other the things which need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful details of Singapore HDB flat for sale are critical in assisting you to make a kept informed decision regarding HDB flats in foreseeable future.