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 resolution. 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 get hold of.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading actively 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 would be smallest of its kind and require a minimum of maintenance. They will be occupied by older people and hence have built in equipments that are up to date and an easy to use. The 2 bedroom units were made to meet the needs of the low 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 families. 5 room units and executive units end up being 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 ensure that all are in a position live comfortably along with. These HDB flats vary in design and layout, depending regarding the estate’s fixture as well as owner’s individual tang.
Most would agree that living in the HDB flat is really being part of a typical closely-knit community. Knowing next-door neighbors and having weekly gatherings at the void decks are among 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 individual for a HDB flat. You have to be able to match 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, 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 try to get a particular HDB flat at your preferred location. Other the things which need your attention could include the utilization of your Central Provident Fund (CPF), Fourth Avenue Residences condo Medisave fund levy rates.
These useful the information needed for Singapore HDB flat for sale are critical in making it possible to make a knowledgeable decision regarding HDB flats in the future.