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 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 the better position to decide on the next property to procure.
There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading works to ensure that amenities on offer 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 are the smallest of its kind and require a minimum of maintenance. They will be occupied by the elderly and hence have built in equipments that are well informed and an simple point and click. The 2 bedroom units were made to meet the needs of the lower income families, housing about 2 to 3 close relatives each. The 3 to 4 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 are wonderfully designed to ensure that all are in a position live comfortably along with. These HDB flats vary in design and layout, depending located on the estate’s fixture and also 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. Knowing next-door neighbors and having weekly gatherings at the void decks are among 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 an applicant for a HDB flat. You 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 people who own a preferred location submitting tender for construction of that estate. You should check the various government websites to ensure that you are eligible this kind of a particular HDB flat at your selected location. Other tasks that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful info regarding Singapore HDB flat for sale are critical in helping you to make a knowledgeable decision regarding HDB flats in earth.