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 the reasons why millions today have chosen HDB flats as their number one housing chance. As such, knowing some useful information about Singapore HDB flat for Fourth Avenue Residences Bukit timah 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, which all undergo regular upgrading functions 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 your smallest of its kind and require quantity of maintenance. They will be occupied by older people and hence have built in equipments that are up to date and an easy to use. The 2 bedroom units are supposed to meet the needs of the lower income families, housing about 2 to 3 loved ones each. The 3 or 4 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 your largest HDB flats that are willing to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to take care that all are known to live comfortably together. These HDB flats vary in design and layout, depending on the estate’s fixture much better owner’s individual design.

Most would agree that living within a HDB flat is certainly being part of their closely-knit community. Getting to know next-door neighbors getting 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 job candidate for a HDB flat. You should be able to match the respective HDB regulations for your preferred housing unit, and participate in regardless of whether Balloting Exercise (BE) or Built To buy (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested those 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 to apply for a particular HDB flat at your preferred location. Other things that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy rates.

These useful information about Singapore HDB flat for sale are critical in helping you to make a well informed decision regarding HDB flats in the future.