HDB for Rental & Resale

Owning a HDB house in Singapore seems to be a common thing to do for most average income Singaporeans. The necessity to own a house that you call your own and knowing that you have a comfortable home for your family.

The prices of HDB flats in Singapore have increased tremendously over the years. Given the fact that there are an advancing number of people in Singapore who aim for high standard of living, achieving more than the older generations did over the decades in terms of education, technology and etc.

There is a type of apartment that could accommodate to a specific category of Singaporeans; the elderly citizens and that is the HDB Studio Apartments (SA). These apartments are designed to meet the needs of the golden age Singaporeans. Such apartment is a 30-year lease from the keys collection date. The criteria listed to purchase a HDB Studio Apartments are the key owner has to be at least 55 years old and the average gross monthly income must not exceed $10 000.

The HDB Studio Apartments are usually located in a location whereby they are fully equipped with facilities at reach and other necessary advantages such as transportation networks and various plus features that contribute to the needs of the residents.

HDB flats that are available for rent or for sale purpose are generally categorized under either Build-To-Order (BTO) OR Resale Flats. The difference between these two types of HDB flats are easily compared such that BTO HDB flats are a much cheaper option; most BTO HDB flats mimic condo designs and new with 99-year leasehold status. Whereas for Resale Flats, there are usually bigger in terms of space available in mature estates and prices are negotiable.

There are common standard types of HDB flats and they are the 2-room flat; 3-room flat; 4-room flat, 5-room flat as well as the executive flat.

The HDB flats are generally common for its purpose of either for rent or for sale. To view the availability of flats ready for rent or for sale, one could source for reliable listing so as to give a guide through. Knowing the market price and rental fee would do much good for the renters. The prices of renting a room could be negotiated between the house owner and the tenant. However, legal procedures should be met to avoid unnecessary complication.