An HDB flat software distinguishes amongst an applicant and an occupier, with sizeable dissimilarities in lawful legal rights and fiscal obligations. An applicant can be a authorized owner from the flat, retains a share during the residence, can use their CPF to finance the acquisition, and is also a party to the housing personal loan. Conversely, an occupier is often a loved one detailed in the application to form the demanded relatives nucleus to qualify for the flat beneath an eligibility scheme. An occupier has no lawful ownership rights into the flat, are unable to use their CPF money to finance the purchase, and can't become website a joint applicant to get a personal loan, which can lead to a smaller personal loan quantum based mostly solely over the proprietor's earnings. An occupier is subject to a similar Bare minimum Occupation Interval (MOP) since the owner and ought to physically reside in the flat. This difference is often a strategic option for couples intending to purchase a next personal house in the future devoid of incurring Further Buyer's Stamp Obligation.