An HDB flat software distinguishes among an applicant and an occupier, with important discrepancies in authorized rights and monetary responsibilities. An applicant is really a legal operator on the flat, holds a share within the property, can use their CPF to finance the acquisition, which is a party towards the housing loan. Conversely, an occupier is usually a loved one shown in the application to form the demanded relatives nucleus to qualify for the flat below an eligibility plan. An occupier has no authorized ownership legal rights to your flat, can not use their CPF funds to finance the acquisition, and cannot be a joint applicant for just a bank loan, which may bring about a scaled-down mortgage quantum centered only within the operator's cash flow. An occupier is topic to the same Least Occupation Interval (MOP) as being the owner and will have click here to physically reside in the flat. This difference is usually a strategic option for couples intending to purchase a next personal property Sooner or later without having incurring Supplemental Customer's Stamp Duty.