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 the reasons why millions today have chosen HDB flats as their number one housing sensible choice. As such, Fourth Avenue Residences Bukit timah knowing some useful information about Singapore HDB flat for sale will put you in a better position to decide the next property to look for.
There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading actively works to ensure that amenities available are able to meet the requirements 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 extremely maintenance. They are usually occupied by the elderly and hence have built in equipments that are modern and an well designed. The 2 bedroom units are supposed to meet the needs of the lower income families, housing about 2 to 3 household members each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized families. 5 room units and executive units are the largest HDB flats that are accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to make sure all are fortunate to live comfortably along with. These HDB flats vary in design and layout, depending on top of the estate’s fixture and also the owner’s individual design.
Most would agree that living in the HDB flat is much like being part of your respective closely-knit community. Knowing next-door neighbors and achieving weekly gatherings in 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 an applicant for a HDB flat. You need to be able to match the respective HDB regulations for your preferred housing unit, and participate in either a Balloting Exercise (BE) or Built To order (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 ensure that you are eligible this kind of a particular HDB flat at the location. Other what need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful info regarding Singapore HDB flat for sale are critical in assisting you to make a up to date decision regarding HDB flats in the future.