An HDB flat software distinguishes among an applicant and an occupier, with important 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 purchase, and is particularly a celebration on the housing mortgage. Conversely, an occupier is really a relative stated in the appliance to type the required spouse and children nucleus to qualify for your flat beneath an eligibility scheme. An occupier has no lawful possession rights to the flat, are unable to use their CPF cash to finance the purchase, and can't become a joint applicant to get a personal 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 have to physically reside from the flat. This distinction is often a strategic option for couples intending to purchase a next personal assets Sooner or later without having incurring Additional Customer's Stamp click here Duty.