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 why millions today have chosen HDB flats as their number one housing resolution. 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, that undergo regular upgrading works to 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 the actual smallest of its kind and require quantity of maintenance. They have always been occupied by individuals and hence have built in equipments that are up-to-date and an easy to use. The 2 bedroom units are supposed to meet the needs of the low income families, housing about 2 to 3 close relatives each. The three or 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 home owners. They have additional bathrooms and living area, and Fourth Avenue Residences Bukit timah are wonderfully designed to sure all are in a position live comfortably to each other. These HDB flats vary in design and layout, depending on the estate’s fixture as well as 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 having weekly gatherings in 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 a person for a HDB flat. You should be able to fulfill 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 people who just love a preferred location submitting tender for construction of that estate. You should check the various government websites to actually are eligible this kind of a particular HDB flat at your preferred location. Other what need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy price ranges.

These useful information about Singapore HDB flat for sale are critical in making it possible to make a up to date decision regarding HDB flats in earth.