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 the reasons why millions today have chosen HDB flats as their number one housing chance. As such, knowing some useful information about Singapore HDB flat for sale will put you within a better position to pick next property to get hold of.

There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading functions 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 quantity of maintenance. They end up being occupied by individuals and hence have built in equipments that are up to date and an simple point and click. The 2 bedroom units are intended to meet the needs of the lower income families, housing about 2 to 3 loved ones each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units your largest HDB flats that are willing to accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are fortunate to live comfortably to each other. These HDB flats vary in design and layout, depending on the estate’s fixture much better owner’s individual design.

Most would agree that living from a HDB flat is certainly being part of their closely-knit community. Getting to know next-door neighbors and Fourth Avenue Residences condo having weekly gatherings in 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 a candidate for a HDB flat. You will need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in regardless of 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 people who just love 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 all location. Other the things which 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 allowing you to make a well informed decision regarding HDB flats in the future.