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, 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 in a better position to decide on the next property to pick up.
There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading will ensure that amenities available 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 the particular smallest of its kind and require a minimum of maintenance. They really are occupied by individuals and hence have built in equipments that are well informed and an . 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 are the largest HDB flats that are accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are efficient at live comfortably in unison. These HDB flats vary in design and layout, depending on the estate’s fixture as well as owner’s individual tang.
Most would agree that living in the HDB flat is much like being part of a typical 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 a job candidate for a HDB flat. You have 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 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 the location. Other dysfunctions that need your attention could include the utilization of your Central Provident Fund (CPF), Fourth Avenue Residences condo Medisave fund levy charges.
These useful info regarding Singapore HDB flat for sale are critical in letting you make a well informed decision regarding HDB flats in long term.