An HDB flat software distinguishes involving an applicant and an occupier, with significant variations in legal legal rights and economical tasks. An applicant is usually a lawful proprietor in the flat, holds a share within the property, can use their CPF to finance the acquisition, which is a celebration for the housing mortgage. Conversely, an occupier is a relative stated in the appliance to type the needed family nucleus to qualify for just a flat underneath an eligibility scheme. An occupier has no legal possession rights website towards the flat, cannot use their CPF resources to finance the purchase, and cannot certainly be a joint applicant for the mortgage, which may end in a more compact loan quantum centered only around the operator's cash flow. An occupier is topic to exactly the same Minimum amount Profession Time period (MOP) because the owner and ought to physically reside in the flat. This difference is often a strategic option for couples intending to purchase a next personal property Down the road with no incurring Extra Consumer's Stamp Obligation.