Useful Information About Singapore HDB Flats For Sale

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 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 choose the next property to get hold of.

There are a total of 6 HDB flats available for purchase, that undergo regular upgrading functions ensure that amenities on offer are able to meet the requirements of its people. They are Studio Apartments (SA), Fourth Avenue Residences 2,3,4,5 room units and executive units.

Studio Apartments would be smallest of its kind and require a minimum of maintenance. They are usually occupied by the elderly and hence have built in equipments that are up-to-date and an n accessible. The 2 bedroom units are intended to meet the needs of the lower income families, housing a couple of to 3 close relatives each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units are the 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 sure all are fortunate to live comfortably collectively. These HDB flats vary in design and layout, depending located on the estate’s fixture as well as owner’s individual small sample.

Most would agree that living in the HDB flat is certainly being part closely-knit community. Becoming familiar with next-door neighbors and achieving 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 should be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in either 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 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 to apply for 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 price ranges.

These useful information about Singapore HDB flat for sale are critical in helping you to make a up to date decision regarding HDB flats in foreseeable future.