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 the 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 the better position to decide the next property to pick up.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading works to ensure that amenities on offer are able to meet the requirements its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments your smallest of its kind and require extremely maintenance. They have always been occupied by like people and hence have built in equipments that are up-to-date and an easy to use. The 2 bedroom units are intended 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 familys. 5 room units and executive units are the largest HDB flats that are willing to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to make it possible for all are fortunate to live comfortably to each other. These HDB flats vary in design and layout, depending on his or her estate's fixture much better owner's individual tang.
Most would agree that living from a HDB flat is really being part of a closely-knit community. Learning the needs of next-door neighbors and having weekly gatherings in the void decks are one 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 have to be able to fulfill 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 people who just love a preferred location submitting tender for Fourth Avenue Residences Bukit timah construction of that estate. You should check the various government websites to actually are eligible to try to get a particular HDB flat at all location. Other the things which need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful information belonging to Singapore HDB flat for sale are critical in assisting you to make a knowledgeable decision regarding HDB flats in the future.