Useful Information About Singapore HDB Flats For Sale
Posted Date: Jul 27, 2008
By: iProperty.com
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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 Singapore HDB flat for sale will
put you in a better position to choose the next property to purchase.
There are a total of 6 HDB flats available for purchase, all of which
undergo regular upgrading works to ensure that amenities available are
able to meet the needs 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 are usually occupied by the elderly and hence have
built in equipments that are up to date and an easy to use. The 2
bedroom units are designed to meet the needs of the lower income
families, housing about 2 to 3 family members each. The 3 to 4 room
units are targeted towards middle-income family groups, offering space
and design for middle-sized families. 5 room units and executive units
are 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 ensure that all are able to live
comfortably together. These HDB flats vary in design and layout,
depending on the estate’s fixture as well as the owner’s individual
taste.
Most would agree that living in a HDB flat is like being part of a
closely-knit community. Getting to know 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 an
applicant for a HDB flat. You need to be able to fulfill the respective
HDB regulations for your preferred housing unit, and participate in
either 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 owners of 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 preferred location.
Other things that need your attention could include the use of your
Central Provident Fund (CPF), Medisave fund levy costs.
This useful information about Singapore HDB flat for sale is critical
in helping you to make a well informed decision regarding HDB flats in
the future.
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Comments:
anonymous said...
im PR single 37 years old lady. I want to apply for hdb flat alone. can l apply on my own? And my mother has 4room house in Seng Kang area. she passed away last month. And l have 2 brothers.
they have already applied their own houses under their names. The elder brother is in Rochor. The other brother is in Toa Payoh. but l dont have a house under my name. So can l get my mother's under my name?
September 14, 2009 11:00:00 PM
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