An HDB flat occupier is often a one that is outlined while in the flat software to fulfill the eligibility specifications of a particular housing plan, including the General public Plan. Unlike an owner, an occupier has no legal ownership rights for the flat and cannot use their CPF discounts to buy the acquisition or maybe the monthly home loan installments. A crucial duty for an occupier is usually to bodily reside while in the flat and adhere on the 5-12 months Bare minimum Occupation Time period, just as the owner does. An occupier also cannot be a celebration into the flat’s sale or transfer. If a improve during the occupier is necessary, the proprietor have to submit an application to HDB for acceptance, that may be performed by HDB's e-expert services portal. This difference is critical, because it impacts not just lawful legal rights but in addition economic matters, such as the overall bank loan more info quantum which can be obtained with the flat.