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 answer. As such, knowing some useful information about Singapore HDB flat for sale will put you from a better position to decide on the next property to get hold of.

There are a total of 6 HDB flats available for purchase, which all undergo regular upgrading activly works to ensure that amenities on offer 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 your smallest of its kind and require the least maintenance. They have always been occupied by older people and hence have built in equipments that are up-to-date and an well designed. The 2 bedroom units were made to meet the needs of the low 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 tourists. 5 room units and executive units are the largest HDB flats that are willing 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 along with. These HDB flats vary in design and layout, depending on his or her estate’s fixture as well as the owner’s individual small sample.

Most would agree that living in the HDB flat is like being part of a typical closely-knit community. Becoming familiar with next-door neighbors getting 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 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, Fourth Avenue Residences condo 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 eighteen, you are a particular HDB flat at the location. Other dysfunctions that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy charges.

These useful info regarding Singapore HDB flat for sale are critical in assisting you to make a well informed decision regarding HDB flats in earth.