An HDB flat software distinguishes involving an applicant and an occupier, with sizeable differences in lawful legal rights and money obligations. An applicant can be a authorized owner of the flat, retains a share from the residence, can use their CPF to finance the purchase, and it is a celebration to your housing financial loan. Conversely, an occupier is actually a family member listed in the applying to kind the necessary family members nucleus to qualify for a flat underneath an eligibility scheme. An occupier has no legal possession rights to the flat, simply cannot use their CPF cash to finance the purchase, and can't become a joint applicant for any click here loan, which can lead to a smaller financial loan quantum based mostly solely over the proprietor's income. An occupier is issue to precisely the same Minimal Profession Period of time (MOP) because the operator and need to physically reside from the flat. This distinction is commonly a strategic choice for partners planning to buy a 2nd private residence in the future without the need of incurring Added Purchaser's Stamp Responsibility.