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 resolution. As such, knowing some useful information about Fourth Avenue Residences singapore HDB flat for sale will put you in the better position to decide the next property to look for.
There are a total of 6 HDB flats available for purchase, that 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 are the smallest of its kind and require a minimum of maintenance. They are usually occupied by like people and hence have built in equipments that are current and an simple point and click. The 2 bedroom units are built to meet the needs of the lower income families, housing about 2 to 3 households 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 will be largest HDB flats that are accommodate large families or extended home owners. They have additional bathrooms and living area, and are wonderfully designed to take care that all are fortunate to live comfortably along with. These HDB flats vary in design and layout, depending on top of the estate's fixture and also the owner's individual taste.
Most would agree that living within a HDB flat is really being part closely-knit community. Learning the needs of 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 have 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 order (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 actually are eligible to apply for a particular HDB flat at the location. Other what need your attention could include the use of your Central Provident Fund (CPF), Medisave fund levy costs you.
These useful info regarding Singapore HDB flat for sale are critical in allowing you to make a well informed decision regarding HDB flats in upcoming.