What Does 4 Room HDB Mean? 7 Important Facts You Need to Know Before Owning One

Are you planning to purchase your first house? What does an average 4 room HDB apartment mean for you? There are some people who want to buy a HDB flat, but they don’t really know what the 4 Room HDB means.

It’s a fact that home prices have been rising. And while this is good news for home buyers and sellers, it can make some of the basic calculations involved a bit more complicated.

If you happen to buy an HDB flat, you’ll soon find out that most of the properties in Singapore are smaller than what you see in other cities. This means that if you bought the flat and later on decide to extend it, you’ll have to buy materials, and hire contractors to build the extensions and renovations.

If you decide to sell your flat before the time period is over, you’ll end up having to pay stamp duty and transfer duty. And while you might be able to sell the property within that time frame, it will cost you a lot more to do so. Hence, if you want to own one of these beautiful new homes, then you’ll need to know what it means before you buy.

In this article, I’m going to show you 7 important facts you need to know before you decide to buy an HDB flat. I’ll show you what you need to know about the HDB and help you navigate through the maze of information to find the right one for you.

1. Definition of 4 room HDB

HDB stands for Housing & Development Board. HDB flats are housing units built and managed by the HDB. HDB flats come in different sizes and types, from 1 room to 5 room flats. 4 room HDB flats are a type of HDB flat that has 4 bedrooms.

Since the launch of the Housing Development Board in 1960, 4 room HDB flats have been the most popular type of HDB flat among Singaporeans. According to the latest data from the HDB, 4 room flats made up 36.9% of all HDB flats in 2017. This is followed by 3 room flats (28.1%), 5 room flats (22.8%), and Executive flats (7.9%). 

2. The size of 4 room HDB

A four-room HDB flat is the smallest kind of housing estate that Singaporeans can buy. But does this mean your flat will be small? Or is it actually big? Because there is no set definition for what a four-room HDB means, it can either be the biggest thing you ever lived in, or the smallest thing you have ever lived in.

When you purchase a flat in Singapore, you actually pay for the land and the buildings on it. What this means is that you can make the building as big or as small as you like. For example, let’s say you choose to make your flat five rooms. You will then also get an additional five square metres of space in your living room or your bedroom, depending on which type of flat you choose.

This is important to know because you may be able to choose a bigger flat for a lower price. But because a four-room HDB flat is the smallest kind, it usually doesn’t come with many amenities. You don’t get many facilities like a laundry or a gym.

3. The price of 4 room HDB

The average price of a 4 room HDB flat in Singapore ranges from $450,000 to $850,000. This price range depends on several factors, such as the location of the flat, the amenities nearby, and the size of the flat. If you are looking for a 4 room HDB flat in Singapore, it is important to consider all of these factors in order to get the best value for your money as it is a significant investment, and it is important to consult with a financial advisor to ensure that you are making the best decision for your needs.

In Singapore, most buyers take out a home loan to finance their purchase of a HDB flat. If you’re looking to buy a 4 room HDB flat, you’ll need to pay a down payment of at least $10,200. The down payment can be paid in cash or CPF savings, and it will go towards the purchase price of your flat.

Once you have paid the down payment, you will then need to make monthly repayments on your home loan. The monthly repayment amount will depend on the loan amount, the interest rate, and the loan tenure.

4. The requirements of owning 4 room HDB

Owning a home is a huge financial commitment, and there are quite a few requirements that you need to meet in order to qualify for a 4 room HDB flat.

First and foremost, you’ll need to be a Singapore Citizen or Permanent Resident to buy a 4 room HDB flat. You’ll also need to have a steady income and a good credit history. Meaning, you will need to have a minimum income of $5,000 to qualify for a 4 room HDB. And if you’re married, your spouse will need to meet these requirements as well.

Moreover, you must not own more than 1 HDB flat or have more than $1,000 in your Central Provident Fund account. This rule is in place to ensure that those who already own property do not have an unfair advantage when it comes to purchasing another property. It also ensures that everyone has enough saved up for their retirement. In addition, you’ll need to have CPF contributions of at least $6,000, and you’ll need to make a down payment of at least 10% of the price. HDB resale flats are usually sold by the owner, and they come with a 99-year lease. You can use your CPF savings to pay for the down payment and monthly installments.

5. Benefits of 4 Room HDB

There are several reasons why 4 room HDB flats are so popular in Singapore. For one, they offer a good balance of space and affordability. 4 room flats are also big enough for families, but not too big that they are difficult to maintain. It is because they typically have enough bedrooms to comfortably accommodate a family, making them a popular choice for many families.

HDB 4 rooms are also located in a variety of towns, making them ideal for those who want to live in different parts of Singapore. Additionally, 4 room flats tend to be located in mature estates with amenities such as schools, supermarkets, and parks, which makes them a desirable option for families. Lastly, HDB 4 room flats also have a higher resale value than other types of HDB flats, making them a good investment for the future.

6. Minimum Occupation Period

The Minimum Occupation Period (MOP) is a duration of time that a homeowner must stay in their property before they are eligible to sell it. For private residential properties in Singapore, the MOP is currently set at 3 years from the date of purchase. This means that if you buy a property today, you will need to stay in it for at least 3 years before you can sell it.

There are a few exceptions to the MOP, such as if you are selling the property due to financial hardships or if you are getting divorced. Another example would be if you purchase a unit that is already under construction, you may be able to sell it before the development is completed. However, you will still need to wait for the development to obtain its TOP before you can sell the unit. In general, the MOP is a requirement that all homeowners must meet before they can sell their property.

If you are thinking of selling your property before the MOP is up, you may want to reconsider. Not only will you be breaking the law, but you may also end up losing your investment. Hence, it is important to check minimum occupation period for resale flat, HDB MOP rules, and HDB MOP calculation before you make any important decision regarding your HDB.

7. Tips for choosing the right HDB flat

There are many factors to consider when choosing an HDB flat, such as the location, size, price, and amenities. It can be a daunting task to find the perfect flat, but with a little research and careful planning, you can make the process a lot easier.

First, you need to consider the location of the HDB flat, such as the proximity to schools, public transportation, and amenities. HDB flats come with different amenities, such as a swimming pool, playground, or gym. Choose a flat that has the amenities you need. Second, you need to decide on the size of the flat. HDB flats come in different sizes, from studio apartments to 4-room flats. Choose a size that is appropriate for your needs.

Moreover, HDB flats are priced based on factors such as the size, location, and amenities. Choose a flat that is within your budget. And lastly, you need to ask for advice. Talk to family and friends to see if they have any recommendations.

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