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, 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 in the better position to decide on the next property to get hold of.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading functions 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 the particular smallest of this category and require a minimum of maintenance. They really are occupied by older people and hence have built in equipments that are up to date and an simple point and click. 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 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units end up being largest HDB flats that are accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to sure all are in a position live comfortably together. These HDB flats vary in design and layout, depending on the estate’s fixture this type of owner’s individual test.
Most would agree that living in a HDB flat is really being part of their closely-knit community. Getting to know 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 a person for a HDB flat. You will need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in either 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 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 apply for a particular HDB flat at all location. Other the things which need your attention could include the use 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 knowledgeable decision regarding HDB flats in long term.