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, Fourth Avenue Residences clinics, 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 decide the next property to look for.
There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading will 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 its kind and require the smallest amount maintenance. They will be occupied by the elderly and hence have built in equipments that are well informed and an n accessible. The 2 bedroom units are supposed to meet the needs of the lower income families, housing a couple of to 3 households each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized the entire family. 5 room units and executive units will be largest HDB flats that are equipped to accommodate large families or extended folks. 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 located on the estate’s fixture and also the owner’s individual test.
Most would agree that living in a HDB flat is like being part closely-knit community. Knowing next-door neighbors getting weekly gatherings in 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 an individual for a HDB flat. You have to be able to match the respective HDB regulations for your preferred housing unit, and participate in a 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 usage of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful the information needed for Singapore HDB flat for sale are critical in allowing you to make a kept informed decision regarding HDB flats in long term.