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, Fourth Avenue Residences shopping centers, schools, playgrounds and more. The convenience it promises with amenities in close proximity, coupled with the ease of transportation are some of the reasons why millions today have chosen HDB flats as their number one housing resolution. 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, all of which undergo regular upgrading activly 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 your smallest of this category and require the least maintenance. They end up being occupied by older people and hence have built in equipments that are up-to-date and an . 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 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized families. 5 room units and executive units include the largest HDB flats that are able to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to take care that all are able to live comfortably to each other. These HDB flats vary in design and layout, depending on the estate’s fixture as well as owner’s individual tang.

Most would agree that living within a HDB flat is like being part of a 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 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 fulfill 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 own a preferred location submitting tender for construction of that estate. You should check the various government websites to ensure that you are eligible eighteen, you are a particular HDB flat at all location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy costs.

These useful information about Singapore HDB flat for sale are critical in letting you make a up to date decision regarding HDB flats in long term.