The Housing & Development Board (HDB) is Fourth Avenue Residences 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 the 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 within a better position to choose the next property to procure.
There are a total of 6 HDB flats available for purchase, all of which 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 are the smallest of its kind and require extremely maintenance. They really are occupied by senior citizens and hence have built in equipments that are up to date and an simple point and click. The 2 bedroom units are designed to meet the needs of the low 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 middle-sized families. 5 room units and executive units end up being largest HDB flats that are accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to make sure all are in a position live comfortably to each other. These HDB flats vary in design and layout, depending on top of the estate’s fixture and also the owner’s individual small sample.
Most would agree that living in the HDB flat is really being part closely-knit community. Getting to know next-door neighbors and achieving 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 should be able to match the respective HDB regulations for your preferred housing unit, and participate in no matter 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 people who just love a preferred location submitting tender for construction of that estate. You should check the various government websites to ensure that you are eligible to try to get a particular HDB flat at all location. Other the things which need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful the information needed for Singapore HDB flat for sale are critical in assisting you to make a kept informed decision regarding HDB flats in the future.