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 resolution. As such, knowing some useful information about Singapore HDB flat for sale will put you in the better position to decide the next property to look for.
There are a total of 6 HDB flats available for Fourth Avenue Residences condo purchase, all of which undergo regular upgrading functions ensure that amenities available 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 would be smallest of this category and require a minimum of maintenance. They really are occupied by senior citizens and hence have built in equipments that are current and an simple point and click. The 2 bedroom units were made to meet the needs of the low income families, housing a couple of to 3 household members each. The three or 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 accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to sure all are known to live comfortably to each other. 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 in a HDB flat is like being part of a typical closely-knit community. Becoming familiar with next-door neighbors and achieving 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 an applicant for a HDB flat. You are being able to match 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 ensure that you are eligible to apply for a particular HDB flat at the location. Other things that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful information belonging to Singapore HDB flat for sale are critical in assisting you to make a kept informed decision regarding HDB flats in the future.