A folding type bicycle including a front frame provided with a front wheel and a handle, a center frame provided with pedals and a saddle, a rear frame provided with a rear wheel, and a hinge device to enable the front frame, the center frame and the rear frame to pivot about one another, to be foldable with respect to one another, wherein the hinge device comprises a hinge shaft configured to rotatably connect the front frame, the center frame and the rear from to one another at a central portion of the hinge shaft, an operating lever provided at an end portion of the hinge shaft, and a locking pin member provided while being spaced apart from the hinge shaft to fix an unfolded state of the front frame, the center frame and the rear frame in accordance with pivoting of the operating lever.