An HDB flat occupier is actually a one that is detailed in the flat application to fulfill the eligibility specifications of a certain housing plan, such as the Community Plan. Unlike an owner, an occupier has no authorized possession legal rights towards the flat and cannot use their CPF price savings to pay for the purchase or even the regular mortgage installments. A crucial accountability for an occupier will be to bodily reside in the flat and adhere towards the five-yr Least Profession Interval, equally as the operator does. An occupier also can not be a celebration into the flat’s sale or transfer. If a change within the occupier is required, the owner need to submit an application to HDB for approval, which can be done via HDB's more info e-providers portal. This distinction is vital, because it impacts not merely legal rights but also financial issues, such as the overall financial loan quantum that could be received to the flat.