An HDB flat occupier can be a one that is detailed from the flat application to meet the eligibility necessities of a selected housing scheme, such as the Community Scheme. Contrary to an operator, an occupier has no legal ownership rights for the flat and cannot use their CPF price savings to buy the purchase or the month to month house loan installments. A vital obligation for an occupier is to physically reside within the flat and adhere for the five-yr Bare minimum Occupation Time period, just as the owner does. An occupier also cannot be a celebration into check here the flat’s sale or transfer. If a change in the occupier is required, the operator will have to post an software to HDB for approval, which may be completed by means of HDB's e-companies portal. This distinction is essential, as it impacts not only lawful legal rights and also fiscal matters, including the full personal loan quantum which might be received to the flat.