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 condo 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 resolution. As such, knowing some useful information about Singapore HDB flat for sale will put you in a better position to decide the next property to pick up.
There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading actively works to ensure that amenities available are able to meet the requirements 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 quantity of maintenance. They will be occupied by senior citizens and hence have built in equipments that are up-to-date and an well designed. The 2 bedroom units were made to meet the needs of the low income families, housing a couple of to 3 household members each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units include the largest HDB flats that are willing to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to make it possible for all are known to live comfortably in unison. These HDB flats vary in design and layout, depending on his or her estate’s fixture as well as the owner’s individual tang.
Most would agree that living in the HDB flat is really being part of their closely-knit community. Understanding 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 applicant for a HDB flat. You are being able to match the respective HDB regulations for your preferred housing unit, and participate in the 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 owners of a preferred location submitting tender for construction of that estate. You should check the various government websites to ensure that you are eligible to apply for a particular HDB flat at all location. Other dysfunctions that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful information about Singapore HDB flat for sale are critical in letting you make a knowledgeable decision regarding HDB flats in earth.