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, Fourth Avenue Residences Bukit timah 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 answer. 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 procure.
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 needs of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments your smallest of this category 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 designed to meet the needs of the low income families, housing about 2 to 3 households each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized families. 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 make sure all are able to live comfortably together. These HDB flats vary in design and layout, depending on top of the estate’s fixture much better owner’s individual small sample.
Most would agree that living in the HDB flat is much like being part of a typical closely-knit community. Understanding next-door neighbors and having weekly gatherings at 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 candidate for a HDB flat. You should be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in no matter whether Balloting Exercise (BE) or Built To buy (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested people who own a preferred location submitting tender for construction of that estate. You should check the various government websites to ensure that you are eligible to try to get a particular HDB flat at your selected location. Other tasks that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful details of Singapore HDB flat for sale are critical in helping you to make a knowledgeable decision regarding HDB flats in long term.