An HDB flat application distinguishes between an applicant and an occupier, with considerable variances in authorized rights and financial responsibilities. An applicant is a lawful operator on the flat, holds a share within the property, can use their CPF to finance the acquisition, and is particularly a celebration for the housing mortgage. Conversely, an occupier is really a relative mentioned in the appliance to kind the needed family nucleus to qualify for a flat underneath an eligibility scheme. An occupier has no legal possession rights towards the flat, cannot use their CPF resources to finance the purchase, and cannot certainly be a joint applicant for the mortgage, which can end in a more compact loan quantum centered only around the operator's cash flow. An occupier is topic to the same Minimum amount Occupation Period (MOP) as being the proprietor and must bodily reside within website the flat. This difference is usually a strategic option for couples planning to buy a second non-public home Down the road devoid of incurring Further Buyer's Stamp Obligation.