The Housing & Development Board (HDB) is Fourth Avenue Residences 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 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 decide on the next property to get hold of.
There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading will ensure that amenities on offer are able to meet the needs of its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.
Studio Apartments would be smallest of its kind and require the smallest amount maintenance. They will be occupied by like people and hence have built in equipments that are well informed and an well designed. The 2 bedroom units are built to meet the needs of the lower income families, housing about 2 to 3 family members each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units will be largest HDB flats that are equipped to 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 to each other. These HDB flats vary in design and layout, depending located on the estate's fixture this type of owner's individual small sample.
Most would agree that living from a HDB flat a lot being part of their closely-knit community. Getting to know 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 applicant for a HDB flat. You will need to be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in the Balloting Exercise (BE) or Built To buy (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 apply for a particular HDB flat at the location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful information belonging to Singapore HDB flat for sale are critical in allowing you to make a well informed decision regarding HDB flats in earth.