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, 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 Fourth Avenue Residences singapore HDB flat for sale will put you within a better position to pick next property to get hold of.

There are a total of 6 HDB flats available for purchase, which all 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 quantity of maintenance. They really are occupied by the elderly and hence have built in equipments that are up-to-date and an simple point and click. The 2 bedroom units were made to meet the needs of the lower income families, housing about 2 to 3 close relatives each. The 3 or 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units include the largest HDB flats that are placement 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 in unison. These HDB flats vary in design and layout, depending on his or her estate’s fixture much better owner’s individual design.

Most would agree that living from a HDB flat is like being part closely-knit community. Getting to know next-door neighbors getting 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 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 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 apply for a particular HDB flat at your selected location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy rates.

These useful info regarding Singapore HDB flat for sale are critical in helping you to make a up to date decision regarding HDB flats in foreseeable future.