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 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 from a better position to pick next property to look for.
There are a total of 6 HDB flats available for purchase, these all 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 are the smallest of its kind and require the smallest amount maintenance. They have always been occupied by older people and hence have built in equipments that are up-to-date and an well designed. The 2 bedroom units are built to meet the needs of the lower income families, housing a couple of to 3 loved ones each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for Fourth Avenue Residences middle-sized friends. 5 room units and executive units will be 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 known to live comfortably along with. These HDB flats vary in design and layout, depending on his or her estate’s fixture as well as owner’s individual taste.
Most would agree that living in a HDB flat is much like being part of your respective closely-knit community. Becoming familiar with next-door neighbors and achieving 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 an applicant for a HDB flat. You will need to be able to match the respective HDB regulations for your preferred housing unit, and participate in regardless of whether Balloting Exercise (BE) or Built To acquire (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 ensure that you are eligible to get a particular HDB flat at your best location. Other things that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful information belonging to Singapore HDB flat for sale are critical in making it possible to make a kept informed decision regarding HDB flats in earth.