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, along 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 Bukit timah knowing some useful information about Singapore HDB flat for sale will put you from a better position to pick next property to look for.

There are a total of 6 HDB flats available for purchase, which all undergo regular upgrading will ensure that amenities available 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 the least maintenance. They are usually occupied by the elderly and hence have built in equipments that are current and an easy to use. The 2 bedroom units were made to meet the needs of the low income families, housing about 2 to 3 loved ones each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units are the largest HDB flats that are able to accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to take care that all are known to live comfortably in unison. These HDB flats vary in design and layout, depending regarding the estate’s fixture as well as owner’s individual taste.

Most would agree that living within a HDB flat is much like being part of your respective closely-knit community. Getting to know next-door neighbors and achieving weekly gatherings in the void decks are among 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 an individual for a HDB flat. You have to be able to match 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 owners of a preferred location submitting tender for construction of that estate. You should check the various government websites to actually are eligible to get a particular HDB flat at your selected location. Other the things which need your attention could include the use 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 up to date decision regarding HDB flats in earth.