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 chance. As such, knowing some useful information about Singapore HDB flat for sale will put you in a better position to decide the next property to look for.

There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading functions 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 the actual smallest of its kind and require extremely maintenance. They really are occupied by senior citizens and hence have built in equipments that are well informed and an easy to use. The 2 bedroom units are designed to meet the needs of the lower 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 friends. 5 room units and executive units include the largest HDB flats that are accommodate large families or extended family members. They have additional bathrooms and living area, and are wonderfully designed to make sure all are efficient at live comfortably to each other. These HDB flats vary in design and layout, depending located on the estate’s fixture as well as owner’s individual tang.

Most would agree that living in a HDB flat is much like being part closely-knit community. Understanding next-door neighbors and having weekly gatherings at 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 candidate for Fourth Avenue Residences condo 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 acquire (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested people who own 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 dysfunctions that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs.

These useful info regarding Singapore HDB flat for sale are critical in helping you to make a up to date decision regarding HDB flats in long term.