HDB For Sale

It is surprising to see how Asia has recovered from the crisis it once had, but it is even more surprising to see how drastic the recovery is. Advertising space for real estate owners has become limited and each of them is left to scramble for space. The eyes of the whole world’s investors are on the property business in Asia, especially in Singapore. Almost all the Asian countries have recorded a 7-10% increase of prices every year with the exception of Malaysia, whose trend is similar to that of other nations of 2%. This is the reason why most investors have flooded the market, because the deal here is too good to be true.

The danger especially comes when inflation strikes. For instance, Indonesia’s housing sector has suffered an over 3% fall in prices due to the inflation therein. In Hong Kong, the situation is worse because the prices in the housing segment have fallen by a mind boggling 6%. Most of the time, according to economists, every percentage increase translates to a percentage decrease during inflation. Therefore, it is good for any investor to be cautious before rushing to invest in the currently booming Singaporean housing market.

However, it is important for one to know several things about housing in Singapore before purchasing a house. The Housing & Development Board (HDB) is the authority governing and controlling Singapore's public housing. It was mainly established to deal with the shortage of housing that came about after Singapore gained independence in 1965. It therefore undertook building of rental flats and apartments of low cost to cater for the middle and low class in the society.

Today, HDB flats have not only become popular in Singapore, but in the entire world and have drawn the attention of foreigners. The increase in demand and the diversity which the market carries has prompted the HDB to build flats that have modern facilities such as convenience stores, clinics, supermarkets, schools, et cetera. HDB flats for sale are also located in close proximity to transportation services, and this factor has made these flats to gain popularity at a high rate.

If you plan on buying a HDB flat for sale, then it is important that you know the types of units available under the HDB so that you will make the right and informed decision on the investment you want to make. The HDB does regular renovation and maintenance of their flats so as to keep them in good condition for sale, resale or renting. The HDB has about six groups or types of houses which include the SA, 2,3,4,5 bedroom units and executive units.

The SA, also the Studio Apartment, is popular among the old people because of the ease of maintenance and also because of the equipment these houses are furnished with. The elderly also love them because they do not come in big exaggerated sizes. Two, three, four or five bedroom units are rented by different family sizes accordingly and are also rented according to the occupants’ income and lifestyle.

Mindy Yong 杨雯诗

CEA Registration Number : R021232Z

Tel: (+65) 91002985
Fax: (+65) 64021826

mindy@mindyyong.com

KF Property Network Pte Ltd
CEA Licence Number : L3008430D