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 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 in a better position to choose the 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 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 the least maintenance. They are usually occupied by like people and hence have built in equipments that are current and an well designed. The 2 bedroom units are designed to meet the needs of the lower income families, housing a couple of to 3 household members each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units end up being largest HDB flats that are able to accommodate large families or extended families. They have additional bathrooms and Fourth Avenue Residences living area, and are wonderfully designed to make it possible for all are able to live comfortably in unison. These HDB flats vary in design and layout, depending regarding the estate’s fixture this type of owner’s individual taste.
Most would agree that living from a HDB flat is much like being part of a closely-knit community. Knowing next-door neighbors and having weekly gatherings at the void decks are among 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 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 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 the location. Other the things which need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful information belonging to Singapore HDB flat for sale are critical in assisting you to make a up to date decision regarding HDB flats in foreseeable future.