An HDB flat application distinguishes concerning an applicant and an occupier, with substantial 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 party towards 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 legal rights towards the flat, cannot use their CPF resources to finance the purchase, and cannot certainly be a joint applicant for the bank loan, which may end in a more compact mortgage quantum centered only within the owner's profits. An occupier is matter to exactly the same Minimum amount Profession Time period (MOP) given that the proprietor and should bodily reside while in the flat. This distinction is commonly a strategic choice for partners planning to buy a 2nd more info private residence Later on without incurring More Purchaser's Stamp Responsibility.