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, Fourth Avenue Residences knowing some useful information about Singapore HDB flat for sale will put you within a better position to decide on the next property to procure.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading actively 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 its kind and require extremely maintenance. They will be 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 intended to meet the needs of the lower income families, housing about 2 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 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 sure all are fortunate to live comfortably in unison. These HDB flats vary in design and layout, depending on top of the estate’s fixture much better owner’s individual design.
Most would agree that living in the HDB flat is certainly being part of a typical closely-knit community. Becoming familiar with next-door neighbors and having weekly gatherings at the void decks are 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 are being able to match the respective HDB regulations for your preferred housing unit, and participate in 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 actually are eligible to apply for a particular HDB flat at your selected location. Other things that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful info regarding Singapore HDB flat for sale are critical in assisting you to make a knowledgeable decision regarding HDB flats in earth.