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 Bukit timah 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 chance. 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 look for.
There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading functions ensure that amenities on offer are able to meet the needs of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments your smallest of this category and require quantity of maintenance. They are usually occupied by like people and hence have built in equipments that are up-to-date and an n accessible. The 2 bedroom units are built to meet the needs of the low income families, housing about 2 to 3 family members 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 will be largest HDB flats that are equipped to accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to make sure all are fortunate to live comfortably along with. These HDB flats vary in design and layout, depending on top of the estate’s fixture this type of owner’s individual taste.
Most would agree that living within a HDB flat is certainly being part of a 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 will need to be able to fulfill 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 actually are eligible to get a particular HDB flat at all location. Other tasks that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful information about Singapore HDB flat for sale are critical in letting you make a knowledgeable decision regarding HDB flats in earth.