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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, Fourth Avenue Residences Bukit timah 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 option. 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 procure.

There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading will ensure that amenities on offer are able to meet the requirements 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 end up being occupied by the elderly and hence have built in equipments that are up to date and an easy to use. The 2 bedroom units are built to meet the needs of the low income families, housing a couple of to 3 family members each. The three to four 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 will be 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 make sure all are in a position live comfortably to each other. These HDB flats vary in design and layout, depending regarding the estate's fixture much better owner's individual design.

Most would agree that living from a HDB flat is certainly being part of a typical closely-knit community. Knowing next-door neighbors and achieving 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 an individual for a HDB flat. You have 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 own a preferred location submitting tender for construction of that estate. You should check the various government websites to actually are eligible to try to get a particular HDB flat at your preferred location. Other what need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy price ranges.

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