An HDB flat application distinguishes in between an applicant and an occupier, with considerable distinctions in legal rights and economical tasks. An applicant is usually a lawful proprietor in the flat, holds a share in the assets, can use their CPF to finance the acquisition, and is also a party to the housing personal loan. Conversely, an occupier is often a member of the family outlined in the application to variety the expected household nucleus to qualify to get a flat under an eligibility plan. An occupier has no authorized ownership legal rights for the flat, can't use their CPF resources to finance the acquisition, and cannot certainly be a joint applicant for your bank loan, which may end in a more compact loan quantum centered only around the operator's cash flow. An occupier is subject to a similar Least Occupation Interval (MOP) since the owner and ought to physically reside during the flat. This difference is often a strategic option for couples intending to purchase a next private hdb applicant vs occupier 90 18 assets Sooner or later with out incurring Supplemental Purchaser's Stamp Duty.