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 answer. As such, knowing some useful information about Singapore HDB flat for sale will put you within a better position to pick next property to purchase.

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 needs of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.

Studio Apartments are the smallest of this category and require the least maintenance. They end up being occupied by like people and hence have built in equipments that are well informed and an easy to use. The 2 bedroom units are intended to meet the needs of the low income families, housing a couple of 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 familys. 5 room units and executive units end up being largest HDB flats that are able to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to make it possible for all are efficient at live comfortably together. These HDB flats vary in design and Fourth Avenue Residences Bukit timah layout, depending regarding the estate’s fixture much better owner’s individual design.

Most would agree that living from a HDB flat is like being part of your respective closely-knit community. Knowing next-door neighbors and achieving weekly gatherings at 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 applicant for a HDB flat. You have to be able to match the respective HDB regulations for your preferred housing unit, and participate in the 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 those 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 to apply for a particular HDB flat at your preferred location. Other the things which need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy rates.

These useful info regarding Singapore HDB flat for sale are critical in assisting you to make a kept informed decision regarding HDB flats in upcoming.