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 chance. As such, knowing some useful information about Singapore HDB flat for Fourth Avenue Residences sale will put you in the better position to decide on the next property to pick up.
There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading works to ensure that amenities on offer 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 quantity of maintenance. They will be occupied by like people and hence have built in equipments that are modern and an well designed. The 2 bedroom units were made to meet the needs of the low income families, housing a couple of to 3 households each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized families. 5 room units and executive units include the largest HDB flats that are willing to accommodate large families or extended young families. They have additional bathrooms and living area, and are wonderfully designed to take care that all are able to live comfortably collectively. These HDB flats vary in design and layout, depending on the estate’s fixture much better owner’s individual taste.
Most would agree that living in the HDB flat is certainly being part of a typical closely-knit community. Knowing next-door neighbors and achieving 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 an applicant for a HDB flat. You should be able to fulfill the respective HDB regulations for your preferred housing unit, and participate in either a 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 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 your preferred location. Other dysfunctions that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy costs.
These useful details of Singapore HDB flat for sale are critical in assisting you to make a kept informed decision regarding HDB flats in the future.