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 answer. 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 of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments the actual smallest of this category and require the smallest amount maintenance. They have always been occupied by senior citizens and hence have built in equipments that are up to date and an easy to use. The 2 bedroom units are built to meet the needs of the low income families, housing about 2 to 3 family members each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units end up being largest HDB flats that are willing to accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to take care that all are known to live comfortably along with. These HDB flats vary in design and layout, depending regarding the estate's fixture as well as owner's individual tang.
Most would agree that living within a HDB flat a lot being part of their closely-knit community. Getting to know next-door neighbors and achieving weekly gatherings in the void decks are one of the reasons why adults and Fourth Avenue Residences condo kids alike enjoy being a resident of their estate.
There are various criteria to fulfill in order to qualify as an applicant for a HDB flat. You are being able to match 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 construction of that estate. You should check the various government websites to ensure that you are eligible this kind of 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 costs you.
These useful information about Singapore HDB flat for sale are critical in making it possible to make a up to date decision regarding HDB flats in earth.