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 reasons why millions today have chosen HDB flats as their number one housing option. As such, knowing some useful information about Singapore HDB flat for sale will put you within a better position to choose the next property to look for.
There are a total of 6 HDB flats available for purchase, and can 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 would be smallest of its kind and require extremely 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 built to meet the needs of the low income families, housing a couple of to 3 households each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized the entire family. 5 room units and executive units end up being largest HDB flats that are equipped to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to take care that all are fortunate to live comfortably along with. These HDB flats vary in design and layout, depending on his or her estate's fixture as well as owner's individual design.
Most would agree that living in a HDB flat is really being part of a typical closely-knit community. Learning the needs of next-door neighbors getting 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 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 the 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 owners of a preferred location submitting tender for construction of that estate. You should check the various government websites to actually are eligible to get a particular HDB flat at your preferred location. Other what need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy rates.
These useful info regarding Fourth Avenue Residences singapore HDB flat for sale are critical in assisting you to make a kept informed decision regarding HDB flats in long term.