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, Fourth Avenue Residences Bukit timah 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 pick up.

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 its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.

Studio Apartments the actual smallest of this category and require extremely maintenance. They have always been occupied by the elderly 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 low income families, housing about 2 to 3 loved ones each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units your largest HDB flats that are placement to accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to make sure all are in a position live comfortably in unison. These HDB flats vary in design and layout, depending on his or her estate’s fixture as well as the owner’s individual small sample.

Most would agree that living from a HDB flat a lot being part of a typical closely-knit community. Getting to know next-door neighbors and having 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 person for a HDB flat. You will need to be able to fulfill the respective HDB regulations for your preferred housing unit, 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 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 to get a particular HDB flat at your preferred location. Other things that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy charges.

These useful details of Singapore HDB flat for sale are critical in letting you make a well informed decision regarding HDB flats in foreseeable future.