Singapore is one of the smallest country in the world with a land size of roughly 734.3 km² as of 2023. There are some other countries that of similar size. Here are some of them.
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Owning a home is a significant milestone for many Singaporeans, and this is especially true if you are starting a family on your own. The starting point for most of us would be to look for a Housing and Development Board (HDB) flat. These flats, a brainchild of the late Mr Lee Kuan Yew, offer citizens a unique way to homeownership.
Singapore's HDB flats come in various sizes and designs, catering to the diverse needs of its residents. They range from smaller 2-rooms to large Jumbo or maisonette units. The process begins with eligibility checks and application, where new homeowners can choose from new launches (also known as BTOs) or the resale market. This flexibility allows individuals to find a home that suits their preferences, lifestyle, and budget. The 2 key differences between Build-To-Order (BTOs) and resale flats would be the price and waiting time. Build-To-Order (BTOs) flats will take an average of 4 years to be ready while resale flats can be ready within a couple of months. Also, BTOs are cheaper than resale flats. One of the key attractions of HDB flats is the affordability, mainly due to government subsidies and grants. These financial aids make homeownership more accessible to more people. These grants can be applied easily and they can really save you a large amount of money. You can then use the savings to renovate your new house. HDB owners can also tap into their Central Provident Fund (CPF) savings to finance their property. You do not have to worry about having to fork out a huge initial amount of money. Living in an HDB flat can be an immersive experience for everyone. Get yourself involved in a community-centric lifestyle. Singapore's urban planning ensures that HDB estates are well-equipped with basic amenities such as schools, supermarkets, and food centres. This helps to foster a sense of belonging and convenience for everyone. However, owning an HDB flat does come with certain responsibilities. It is everyone's duty to keep the area clean and tidy. We can also help to maintain peace and harmony with our neighbours by exercising patience and integrity. In this way, we can help to enhance the overall living experience and strengthen the bond among neighbours. In conclusion, owning an HDB flat in Singapore is not just about having a roof over one's head. It's a journey of embracing community living and the fulfillment of a shared national dream. In fact, more and more countries around the world are looking at Singapore's housing policies and are starting to follow her housing model. As Singaporeans, we are really proud to be able to have our own homes.
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