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, Fourth Avenue Residences 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 why millions today have chosen HDB flats as their number one housing option. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to simply select the next property to look for.
There are a total of 6 HDB flats available for purchase, that undergo regular upgrading will ensure that amenities available 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 current and an simple point and click. The 2 bedroom units are built to meet the needs of the low income families, housing about 2 to 3 households each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units are the largest HDB flats that are willing to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to sure all are able to live comfortably along with. These HDB flats vary in design and layout, depending located on the estate’s fixture this type of owner’s individual design.
Most would agree that living in the HDB flat is really being part of their closely-knit community. Becoming familiar with next-door neighbors getting 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 a candidate for a HDB flat. You need 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 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 to get a particular HDB flat at your preferred location. Other tasks that 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 helping you to make a well informed decision regarding HDB flats in upcoming.