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 why millions today have chosen HDB flats as their number one housing option. As such, knowing some useful information about Singapore HDB flat for Fourth Avenue Residences condo sale will put you from a better position to pick next property to get hold of.
There are a total of 6 HDB flats available for purchase, that 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 are the smallest of its kind and require the least maintenance. They will be occupied by senior citizens and hence have built in equipments that are well informed and an well designed. The 2 bedroom units are built to meet the needs of the low income families, housing about 2 to 3 family members each. The three or four room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units are the largest HDB flats that are willing to accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to sure all are able to live comfortably collectively. These HDB flats vary in design and layout, depending on the estate’s fixture and also the owner’s individual design.
Most would agree that living within a HDB flat a lot being part of their closely-knit community. Knowing next-door neighbors getting 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 a job candidate for a HDB flat. You have to be able to match the respective HDB regulations for your preferred housing unit, and participate in the 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 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 get a particular HDB flat at your preferred location. Other tasks that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy price ranges.
These useful details of Singapore HDB flat for sale are critical in assisting you to make a up to date decision regarding HDB flats in long term.