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, Fourth Avenue Residences Bukit timah knowing some useful information about Singapore HDB flat for sale will put you within a better position to decide on the next property to procure.

There are a total of 6 HDB flats available for purchase, that undergo regular upgrading 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 the actual smallest of its kind and require the least maintenance. They really are occupied by the elderly and hence have built in equipments that are modern and an easy to use. The 2 bedroom units were made to meet the needs of the lower income families, housing a couple of to 3 family members each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized friends. 5 room units and executive units include the largest HDB flats that are able to accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are fortunate to live comfortably collectively. These HDB flats vary in design and layout, depending on his or her estate’s fixture and also the owner’s individual taste.

Most would agree that living within a HDB flat is really being part of a typical closely-knit community. Getting to know 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 an individual 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 get a particular HDB flat at all location. Other the things which need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy rates.

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

Useful Information About Singapore HDB Flats For Sale

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