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 resolution. As such, knowing some useful information about Singapore HDB flat for sale will put you from a better position to pick next property to look for.

There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading will ensure that amenities available 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 are the smallest of this category and require the smallest amount maintenance. They will be occupied by like people 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 a couple of to 3 loved ones each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized the entire family. 5 room units and Fourth Avenue Residences Bukit timah executive units your largest HDB flats that are placement to accommodate large families or extended families. 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 his or her estate’s fixture as well as owner’s individual taste.

Most would agree that living in a HDB flat is certainly being part of a 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 either 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 actually are eligible eighteen, you are a particular HDB flat at the location. Other what need your attention could include the utilization 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 knowledgeable decision regarding HDB flats in long term.