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 the 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 in the better position to decide on the next property to procure.

There are a total of 6 HDB flats available for purchase, and can undergo regular upgrading activly works to ensure that amenities on offer are able to meet the requirements its people. They are Studio Apartments (SA), 2,3,4,5 room units and executive units.

Studio Apartments are the smallest of this category and require a minimum of maintenance. They end up being occupied by senior citizens and hence have built in equipments that are modern and an well designed. The 2 bedroom units are intended to meet the needs of the low income families, housing about 2 to 3 loved ones 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 will be largest HDB flats that are accommodate large families or extended family members. 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 regarding the estate’s fixture this type of owner’s individual taste.

Most would agree that living within a HDB flat is like being part of their closely-knit community. Learning the needs of next-door neighbors getting 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 person 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 this kind of a particular HDB flat at your best location. Other tasks that need your attention could include the utilization of your Central Provident Fund (CPF), Medisave fund levy costs.

These useful information about Singapore HDB flat for sale are critical in allowing you to make a knowledgeable decision regarding HDB flats in the future.