An HDB flat software distinguishes in between an applicant and an occupier, with important variances in authorized rights and financial tasks. An applicant is usually a lawful proprietor in the flat, holds a share in the assets, can use their CPF to finance the acquisition, and is also a party to the housing personal loan. Conversely, an occupier is often a member of the family detailed in the application to variety the essential loved ones nucleus to qualify to get a flat under an eligibility plan. An occupier has no legal possession legal rights for the flat, cannot use their CPF resources to finance the purchase, and cannot certainly check here be a joint applicant for the mortgage, which can cause a smaller sized personal loan quantum dependent exclusively over the proprietor's earnings. An occupier is issue to the exact same Bare minimum Occupation Period of time (MOP) because the operator and have to physically reside from the flat. This distinction is commonly a strategic choice for partners planning to buy a 2nd private residence Later on without incurring Added Buyer's Stamp Responsibility.