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, coupled with the ease of transportation are some of 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 from a better position to decide on the next property to purchase.

There are a total of 6 HDB flats available for purchase, these all 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 would be smallest of this category and require the least maintenance. They will be occupied by older people and hence have built in equipments that are current and an well designed. The 2 bedroom units are designed to meet the needs of the low income families, housing a couple of to 3 household members 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 will be largest HDB flats that are equipped to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to take care that all are efficient at live comfortably to each other. These HDB flats vary in design and layout, depending regarding the estate’s fixture this type of owner’s individual test.

Most would agree that living in the HDB flat is like being part of a closely-knit community. Learning the needs of next-door neighbors and having weekly gatherings at 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 person for a HDB flat. You have to be able to match the respective HDB regulations for your preferred housing unit, Fourth Avenue Residences condo and participate in a Balloting Exercise (BE) or Built To acquire (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested people 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 selected location. Other things that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy charges.

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