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, Fourth Avenue Residences condo 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 resolution. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to decide on the next property to pick up.
There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading will 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 would be smallest of its kind and require the smallest amount maintenance. They are usually occupied by older people and hence have built in equipments that are up to date and an easy to use. The 2 bedroom units are supposed to meet the needs of the low income families, housing a couple of to 3 household members each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 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 efficient at live comfortably collectively. These HDB flats vary in design and layout, depending on the estate’s fixture this type of owner’s individual tang.
Most would agree that living from a HDB flat is much like being part of a typical closely-knit community. Getting to know 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 a job candidate for a HDB flat. You are being able to fulfill the respective HDB regulations for your preferred housing unit, and participate in a 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 get a particular HDB flat at all location. Other things that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful info regarding Singapore HDB flat for sale are critical in making it possible to make a knowledgeable decision regarding HDB flats in foreseeable future.