An HDB flat software distinguishes amongst an applicant and an occupier, with sizeable differences in lawful legal rights and money obligations. An applicant is often a authorized owner from the flat, holds a share during the assets, can use their CPF to finance the acquisition, and is also a party to the housing personal loan. Conversely, an occupier is usually a loved one shown in the application to form 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, simply cannot use their CPF cash to finance the purchase, and more info can't be described as a joint applicant for the mortgage, which can end in a smaller sized loan quantum dependent exclusively around the operator's cash flow. An occupier is topic to the same Minimum amount Occupation Period (MOP) as being the proprietor and should bodily reside inside the flat. This distinction is frequently a strategic choice for partners planning to buy a 2nd private residence Later on with out incurring Supplemental Customer's Stamp Duty.