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 answer. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to choose the next property to pick up.

There are a total of 6 HDB flats available for purchase, all of which 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 your smallest of its kind and require extremely maintenance. They are usually occupied by older people and hence have built in equipments that are up to date and an n accessible. The 2 bedroom units are intended to meet the needs of the lower income families, housing about 2 to 3 close relatives each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units your 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 take care that all are able to 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 design.

Most would agree that living in the HDB flat is like being part of their closely-knit community. Knowing 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 job candidate for a HDB flat. You will need to 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 ensure that you are eligible to apply for a particular HDB flat at your best location. Other dysfunctions that need your attention could include the use of your Central Provident Fund (CPF), Fourth Avenue Residences Medisave fund levy charges.

These useful details of Singapore HDB flat for sale are critical in assisting you to make a up to date decision regarding HDB flats in upcoming.