An HDB flat software distinguishes between an applicant and an occupier, with important variances in authorized rights and economic duties. An applicant is actually a legal owner of the flat, retains a share from the residence, can use their CPF to finance the acquisition, and is also a party to the housing loan. Conversely, an occupier is usually a relative shown in the appliance to type the needed family nucleus to qualify for just a flat less than an eligibility plan. An occupier has click here no legal possession legal rights for the flat, can't use their CPF funds to finance the acquisition, and cannot be a joint applicant for just a financial loan, which may result in a lesser financial loan quantum primarily based solely over the proprietor's earnings. An occupier is subject to a similar Least Occupation Interval (MOP) as being the owner and will have to bodily reside within the flat. This difference is frequently a strategic choice for partners planning to buy a second non-public house in the future without the need of incurring More Purchaser's Stamp Responsibility.