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 option. As such, knowing some useful information about Singapore HDB flat for sale will put you from a better position to pick next property to purchase.
There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading activly works to ensure that amenities available are able to meet the needs of its people. They are Studio Apartments (SA), Fourth Avenue Residences 2,3,4,5 room units and executive units.
Studio Apartments the actual smallest of this category and require the least maintenance. They are usually occupied by senior citizens and hence have built in equipments that are current and an easy to use. The 2 bedroom units are built to meet the needs of the low income families, housing about 2 to 3 close relatives each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units are the largest HDB flats that are willing to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to sure all are able to live comfortably collectively. These HDB flats vary in design and layout, depending located on the estate’s fixture much better owner’s individual taste.
Most would agree that living from a HDB flat is certainly being part closely-knit community. Understanding next-door neighbors and achieving weekly gatherings at 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 a person for a HDB flat. You are being able to match the respective HDB regulations for your preferred housing unit, and participate in no matter whether 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 people who just love 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 things that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful info regarding Singapore HDB flat for sale are critical in helping you to make a well informed decision regarding HDB flats in upcoming.