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 resolution. As such, knowing some useful information about Fourth Avenue Residences singapore HDB flat for sale will put you in the better position to pick next property to get hold of.

There are a total of 6 HDB flats available for purchase, all of which undergo regular upgrading actively 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 your smallest of its kind and require the least maintenance. They really are occupied by senior citizens and hence have built in equipments that are up to date and an well designed. The 2 bedroom units are intended to meet the needs of the lower income families, housing a couple of 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 include the largest HDB flats that are accommodate large families or extended folks. They have additional bathrooms and living area, and are wonderfully designed to ensure that all are able to live comfortably together. These HDB flats vary in design and layout, depending on top of the estate’s fixture as well as owner’s individual design.

Most would agree that living from a HDB flat is like being part 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 a candidate for a HDB flat. You have to be able to match the respective HDB regulations for your preferred housing unit, and participate in 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 ensure that you are eligible eighteen, you are a particular HDB flat at your selected location. Other tasks that need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy costs you.

These useful information belonging to Singapore HDB flat for sale are critical in helping you to make a knowledgeable decision regarding HDB flats in upcoming.