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, coupled 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 Fourth Avenue Residences singapore HDB flat for sale will put you within a better position to choose the next property to purchase.

There are a total of 6 HDB flats available for purchase, these all undergo regular upgrading functions 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 are the smallest of its kind and require the least maintenance. They really are occupied by individuals and hence have built in equipments that are up to date and an easy to use. The 2 bedroom units are designed to meet the needs of the low income families, housing about 2 to 3 close relatives each. The 3 to 4 room units are targeted towards middle-income family groups, offering space and design for middle-sized tourists. 5 room units and executive units your largest HDB flats that are placement to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to sure all are able to live comfortably together. These HDB flats vary in design and layout, depending on top of the estate’s fixture this type of owner’s individual taste.

Most would agree that living within a HDB flat a lot being part of your respective closely-knit community. Knowing next-door neighbors and having 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 individual for a HDB flat. You should be able to match the respective HDB regulations for your preferred housing unit, and participate in a Balloting Exercise (BE) or Built To acquire (BTO) process. In short, the BE involves interested buyers balloting for existing HDB flats, whereas the BTO process involves interested owners of 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 all location. Other tasks that 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 assisting you to make a well informed decision regarding HDB flats in foreseeable future.