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 choose the next property to purchase.
There are a total of 6 HDB flats available for purchase, which all undergo regular upgrading works to ensure that amenities on offer 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 would be smallest of this category and require the least maintenance. They have always been occupied by senior citizens and Fourth Avenue Residences hence have built in equipments that are up to date and an well designed. The 2 bedroom units are intended to meet the needs of the lower income families, housing about 2 to 3 family members each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units include the largest HDB flats that are accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are in a position live comfortably together. These HDB flats vary in design and layout, depending located on the estate’s fixture much better owner’s individual tang.
Most would agree that living within a HDB flat is like being part of their closely-knit community. Learning the needs of next-door neighbors and achieving weekly gatherings in the void decks are 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 job candidate for a HDB flat. You will need to be able to match the respective HDB regulations for your preferred housing unit, and participate in either a 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 ensure that you are eligible to try to get a particular HDB flat at your best location. Other tasks that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful information about Singapore HDB flat for sale are critical in assisting you to make a well informed decision regarding HDB flats in foreseeable future.