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 the 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 in a better position to simply select the 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 available are able to meet the requirements 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 quantity of maintenance. They are usually occupied by senior citizens and hence have built in equipments that are current and an well designed. The 2 bedroom units are supposed to meet the needs of the low income families, housing about 2 to 3 close relatives each. The three to four room units are targeted towards middle-income family groups, offering space and design for middle-sized familys. 5 room units and executive units include the largest HDB flats that are able to accommodate large families or extended families. They have additional bathrooms and living area, and are wonderfully designed to take care that all are in a position live comfortably to each other. These HDB flats vary in design and layout, depending on top of the estate’s fixture as well as the owner’s individual design.
Most would agree that living from a HDB flat is much like being part of a closely-knit community. Knowing next-door neighbors and having weekly gatherings at the void decks are 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 will need to be able to match the respective HDB regulations for your preferred housing unit, and participate in regardless of whether 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 just love 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 your best location. Other dysfunctions that need your attention could include the usage of your Central Provident Fund (CPF), Medisave fund levy charges.
These useful information about Singapore HDB flat for sale are critical in allowing you to make a up to date decision regarding HDB flats in upcoming.