5 important measures for HDB flats for purchase in Singapore

1. 5 important measures for HDB flats for purchase in Singapore The real estate sector of Singapore is on the rise in recent years, so the public housing options have increased by a considerable amount. As, the Housing and Development Board are providing home for the Singaporean by a new and unique measure of HDB flats for sale in Singapore, which is cheap than others and thus affordable, that comprise approx 80% of household residence in Singapore. i) Types and patterns of HDB flats: Public housing in Singapore is managed by the Housing and Development Board (HDB) under temporary leaseholds for 99 years only. There are a large variety of flat types and layouts which cater to various housing budgets. The various HDB flat types are thoughtfully designed to cater to a variety of living requirements and budget plans. Such as; 1-room to 5-room flat; Executive flat; and Multi-generation flat. ii) Eligibility criteria for purchasing an HDB flat: It's usually a long and complicated process when trying to purchase an HDB flat for Sale in Singapore, as it consists of some legal regulations to follow for purchasing this public housing. Such as, for purchasing an HDB flatthe buyers’ needs to be a permanent citizen of Singapore also needs to meet the requirements of the Ethnic Integration Policy and Singapore Permanent Resident Quota Policy as directed by the HDB board of Singapore. Also, the income ceiling and family size are other important factors for eligibility criteria. iii) Housing grants for HDB flats: Purchasing a property generally requires good enough investment and that may require applying for a housing loan. That’s why being familiar with the available housing grants is very important to continue with the purchase process. Also, the various grants available can help regarding substantially reduce the cost of buying your first home. But for availing different housing grant there are respective eligibility criteria which are required to follow. iv) Maintenance charges for HDB units: Different town council applies the government’s form of management fees on the owners of HDB flats, which are termed as the Service & Conservancy Charges (S&CC). Which are payable on the first day of every month and go towards the maintenance and upkeep of common property in the various HDB estates. Here the charges depend on the size and type of the HDB unit, also there are some other fees for maintenance of the common utilities, such as; 1.Charges for essential maintenance and repairs of lifts, water pumps, switch rooms, lightings and lift rescue services. 2.Charges against conservancy, sewerage, and cleaning work. 3.The expense for landscaping and horticultural works. 4.Preventive and cyclical maintenance works including repainting and re-roofing. 5.Replacement of hardware materials, such as; water pipes and automatic refuse chute- flushing systems, which requires in between a time period. v) Location of HDB flats:

2. The location is a vital factor for choosing a new home, and for HDB units it can be found in the various location of Singapore. As there are about 1 million HDB houses in total. Assuming 100 houses in one HDB block, that would give about 10,000 blocks in total as of today. So you can choose the location from the available options of HDB houses, as it should be convenient as per the availability of communication. Conclusion: So these are the important measures to consider before planning for HDB flats for purchase in Singapore, as buying a property is an elaborate procedure, so it’s wise to take enough time to consider the various factors before proceeding with the purchasing procedure. Also, now a day Singapore the dream destination for the people seeking to grow and benefit in life, has scored it big as a booming property market for the leading investors. So for finding a suitable house for sale in Singapore, engaging a professional property agent is extremely beneficial in order to save your time as well as money.