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 Fourth Avenue Residences 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 within a better position to decide the next property to procure.

There are a total of 6 HDB flats available for purchase, which all undergo regular upgrading functions 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 its kind and require the least maintenance. They end up being occupied by senior citizens and hence have built in equipments that are current and an well designed. The 2 bedroom units are supposed to meet the needs of the low income families, housing a couple of to 3 close relatives 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 ensure that all are known to live comfortably in unison. These HDB flats vary in design and layout, depending on the estate’s fixture as well as owner’s individual taste.

Most would agree that living within a HDB flat is really being part of their closely-knit community. Understanding next-door neighbors and having weekly gatherings at the void decks are some 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 an individual for a HDB flat. You will need to be able to match the respective HDB regulations for your preferred housing unit, and participate in the 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 actually are eligible this kind of a particular HDB flat at your best location. Other tasks that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy price ranges.

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