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The Housing & Development Board ( HDB; often referred to as the Housing Board ), is a statutory board under the Ministry of National Development responsible for the public housing in Singapore. Established in 1960 as a result of efforts in the late 1950s to set up an authority to take over the Singapore Improvement Trust 's (SIT) public housing ...
Most public housing in Singapore is lessee-occupied. Under Singapore's housing leasehold ownership programme, housing units are sold on a 99-year leasehold to applicants who meet certain income, citizenship and property leasehold ownership requirements. The estate's land and common areas continue to be owned by the government. [79]
v. t. e. A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed ...
Build to order ( BTO) is a real estate development scheme enacted by the Housing and Development Board (HDB), a statutory board responsible for Singapore 's public housing. First introduced in 2001, it consists of a flat allocation system that offers flexibility in timing and location for owners buying new public housing in the country.
Far East Organization is the largest private real estate developer in Singapore. [ 1][ 2] Founded in 1960 by Ng Teng Fong, [ 3][ 4] the company has businesses in property development, retail, hospitality, [ 5] and food and beverage [ 6] brands in Asia and Australia. [ 7][ 8] Far East Organization operates in Singapore, [ 2] Hong Kong, [ 2 ...
Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing , the details, terminology, definitions of poverty , and other criteria for allocation vary within different contexts.
A studio apartment, or studio condo [ 1] also known as a studio flat ( UK ), self-contained apartment ( Nigeria ), efficiency apartment, bed-sitter ( Kenya ), or bachelor apartment, is a small dwelling in which the normal functions of a number of rooms – often the living room, bedroom, and kitchen – are combined into a single room.
This is a list of countries and territories by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area. [ 1 ] Country or Territory