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, Fourth Avenue Residences 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 in a better position to pick next property to procure.
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 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 quantity of maintenance. They will be occupied by individuals and hence have built in equipments that are well informed and an simple point and click. The 2 bedroom units are designed to meet the needs of the lower income families, housing about 2 to 3 household members each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units will be largest HDB flats that are accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are in a position live comfortably in unison. These HDB flats vary in design and layout, depending on top of the estate’s fixture as well as the owner’s individual design.
Most would agree that living from a HDB flat is much like being part of their closely-knit community. Knowing next-door neighbors and having weekly gatherings in the void decks are one of 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 fulfill the respective HDB regulations for your preferred housing unit, and participate in either a Balloting Exercise (BE) or Built To order (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested owners of a preferred location submitting tender for construction of that estate. You should check the various government websites to actually are eligible to get a particular HDB flat at the location. Other tasks that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful information about Singapore HDB flat for sale are critical in assisting you to make a knowledgeable decision regarding HDB flats in upcoming.