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, Fourth Avenue Residences Bukit timah coupled with the ease of transportation are some of 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 from a better position to choose the next property to pick up.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading activly 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 the actual smallest of its kind and require a minimum of maintenance. They will be occupied by senior citizens and hence have built in equipments that are well informed 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 households 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 equipped to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to sure all are known to live comfortably together. These HDB flats vary in design and layout, depending regarding the estate’s fixture as well as the owner’s individual tang.
Most would agree that living from a HDB flat is like being part of your respective closely-knit community. Knowing 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 match the respective HDB regulations for your preferred housing unit, and participate in either a 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 actually are eligible to apply for a particular HDB flat at the location. Other the things which need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful info regarding Singapore HDB flat for sale are critical in letting you make a up to date decision regarding HDB flats in the future.