An HDB flat software distinguishes amongst an applicant and an occupier, with major discrepancies in authorized rights and economic responsibilities. An applicant is really a legal operator with the flat, retains a share inside the home, can use their CPF to finance the acquisition, and is particularly a celebration for the housing loan. Conversely, an occupier is a relative shown in the appliance to form the demanded spouse and children nucleus to qualify for the flat beneath an eligibility scheme. read more An occupier has no lawful ownership rights to your flat, are not able to use their CPF money to finance the acquisition, and can't be considered a joint applicant for a financial loan, which may result in a lesser bank loan quantum based entirely about the owner's money. An occupier is matter to exactly the same Minimum Profession Time period (MOP) given that the proprietor and should bodily reside inside the flat. This distinction is frequently a strategic choice for partners planning to buy a second non-public home Down the road devoid of incurring Further Consumer's Stamp Obligation.