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

There are a total of 6 HDB flats available for purchase, Fourth Avenue Residences condo these all undergo regular upgrading will ensure that amenities available 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 this category and require quantity of maintenance. They end up being occupied by individuals and hence have built in equipments that are well informed and an n accessible. The 2 bedroom units were made to meet the needs of the lower income families, housing about 2 to 3 family members each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units will be largest HDB flats that are accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are in a position live comfortably in unison. These HDB flats vary in design and layout, depending on the estate’s fixture this type of owner’s individual small sample.

Most would agree that living within a HDB flat is much like being part of a typical closely-knit community. Knowing 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 candidate for a HDB flat. You are being able to fulfill the respective HDB regulations for your preferred housing unit, and participate in the 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 get a particular HDB flat at the location. Other tasks that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy price ranges.

These useful the information needed for Singapore HDB flat for sale are critical in assisting you to make a kept informed decision regarding HDB flats in the future.