An HDB flat software distinguishes amongst an applicant and an occupier, with major discrepancies in lawful rights and economic responsibilities. An applicant is really a legal operator with the flat, holds a share inside the property, can use their CPF to finance the acquisition, which is a celebration for the housing loan. Conversely, an occupier is usually a relative shown in the appliance to form the demanded relatives nucleus to qualify for the flat below an eligibility scheme. An occupier has no lawful ownership rights to your flat, are not able to use their CPF funds to finance the acquisition, and cannot be considered a joint applicant for just a financial loan, which may bring about a scaled-down mortgage quantum based only within the owner's profits. An occupier is here matter to exactly the same Minimum amount Profession Period (MOP) given that the proprietor and must bodily reside within the flat. This difference is usually a strategic choice for partners planning to buy a second non-public home Down the road with no incurring Extra Consumer's Stamp Duty.