The Housing and Development Board (HDB) is Singapore's public housing authority, responsible for planning and developing the country's housing estates
. It is a statutory board under the Ministry of National Development and aims to provide public housing to more than 80% of Singaporeans, including ownership of flats and rental of flats from the HDB itself
. The HDB offers quality homes at affordable prices for rent or purchase, with a focus on nurturing a strong family and community life
. Some key aspects of HDB housing include:
- Diverse housing options : HDB provides a wide range of housing options, including studios, one-room apartments, two-room apartments, and three-room apartments, catering to different income groups and living needs
- Affordability : HDB housing is designed to be affordable, with the majority of its revenue going into building new public flats
- Long leases : HDB properties are considered a good investment due to their long leases, which provide tenants with a sense of security and stability
- Land reclamation and infrastructure maintenance : Besides providing public housing, the HDB is also responsible for land reclamation works in Singapore and maintaining the infrastructure of the country's housing estates
- Engaging residents : The HDB has increased its efforts to engage residents with upgrading schemes and solar panel installation works since the 2000s
Overall, the HDB plays a crucial role in Singapore's housing market, offering affordable and quality homes to a large portion of the population, promoting homeownership, and contributing to the development of the country's infrastructure
