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, coupled with the ease of transportation are some of reasons why millions today have chosen HDB flats as their number one housing option. As such, knowing some useful information about Singapore HDB flat for sale will put you within a better position to decide on the next property to look for.
There are a total of 6 HDB flats available for purchase, and Fourth Avenue Residences condo can 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 extremely maintenance. They really are occupied by older people and hence have built in equipments that are modern and an simple point and click. The 2 bedroom units are intended to meet the needs of the low income families, housing about 2 to 3 close relatives each. The three or four 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 placement to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to take care that all are known to live comfortably to each other. These HDB flats vary in design and layout, depending on his or her estate's fixture as well as owner's individual test.
Most would agree that living within a HDB flat a lot being part of your respective closely-knit community. Becoming familiar with 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 should be able to match the respective HDB regulations for your preferred housing unit, and participate in either a Balloting Exercise (BE) or Built To acquire (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 this kind of a particular HDB flat at your selected location. Other what need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful details of Singapore HDB flat for sale are critical in letting you make a knowledgeable decision regarding HDB flats in long term.