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, Fourth Avenue Residences 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 reasons why millions today have chosen HDB flats as their number one housing sensible choice. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to simply select the next property to purchase.
There are a total of 6 HDB flats available for purchase, which all undergo regular upgrading will 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 the actual smallest of its kind and require a minimum of maintenance. They end up being occupied by senior citizens and hence have built in equipments that are current and an well designed. 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 tourists. 5 room units and executive units your largest HDB flats that are able to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to make sure all are able to live comfortably together. These HDB flats vary in design and layout, depending on top of the estate’s fixture and also the owner’s individual tang.
Most would agree that living in the HDB flat a lot being part of their closely-knit community. Becoming familiar with next-door neighbors getting weekly gatherings in the void decks are some 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 applicant for a HDB flat. You need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in the 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 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 get a particular HDB flat at all location. Other tasks that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful details of Singapore HDB flat for sale are critical in allowing you to make a well informed decision regarding HDB flats in upcoming.