An HDB flat application distinguishes between an applicant and an occupier, with substantial distinctions in authorized rights and financial responsibilities. An applicant is really a legal operator of your flat, retains a share from the residence, can use their CPF to finance the purchase, and it is a party to the housing personal loan. Conversely, an occupier is usually a loved one shown in the appliance to type the needed family nucleus to qualify for a flat less than an eligibility plan. An occupier has read more no legal ownership legal rights on the flat, can not use their CPF funds to finance the acquisition, and cannot be considered a joint applicant for a personal loan, which can lead to a smaller personal loan quantum based mostly exclusively on the operator's revenue. An occupier is topic to the same Minimum amount Profession Period (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 property Sooner or later with no incurring Extra Consumer's Stamp Obligation.