An HDB flat occupier is a person who is shown in the flat application to satisfy the eligibility prerequisites of a specific housing scheme, like the Community Plan. Compared with an owner, an occupier has no legal ownership rights on the flat and can't use their CPF price savings to buy the purchase or the month-to-month house loan installments. A critical obligation for an occupier should be to bodily reside in the flat and adhere to the five-year Minimum Occupation Interval, equally as click here the operator does. An occupier also can not be a celebration on the flat’s sale or transfer. If a transform from the occupier is needed, the proprietor need to submit an application to HDB for acceptance, that may be performed by HDB's e-products and services portal. This difference is important, since it impacts not merely legal rights but will also economical issues, including the complete loan quantum which might be attained to the flat.