What is the difference between occupier and essential occupier?
Between the couple, one is a single owner of the HDB unit while the other is an essential occupier. An essential occupier is a family member who forms a family nucleus with the applicant to qualify for a flat from HDB.
What is main applicant and co applicant?
A co-applicant is an additional applicant involved in the loan underwriting and approval process for a single loan. In some cases, a co-applicant may be considered secondary to a primary applicant. A co-applicant differs from a co-signer or guarantor in terms of their rights associated with the loan.
Who can be HDB occupier?
Proposed occupiers can be Singapore Citizens (SC), Singapore Permanent Residents# (SPR) or non-citizens. Proposed essential occupiers who are non-citizens must hold valid passes (e.g. social visit pass, work pass) with a validity period of at least 6 months at point of application.
Can essential occupier pay for HDB?
An essential occupier is only necessary to form the family nucleus that HDB requires for flat purchase. If you are 35 and above, you can purchase the flat as a single and have any family member or non-family member stay with you.
How do I know if I am an essential occupier?
An essential occupier, as defined by HDB, “is a family member who forms a family nucleus with the applicant to qualify for a flat from HDB”. This can be a spouse, child, parent or sibling. He/she does not have any share in the flat, even if he has paid cash for it.
What is an essential occupier?
An essential occupier is a family member who is required to be listed in the Application Form in order to form a family nucleus and qualify under an eligibility scheme to purchase a flat. A proper family nucleus is defined as follows: If you are married: you, your spouse and your children (if any).
Can married couple buy HDB with 1 name?
A married couple (with at least a SC in the family nucleus), can own 1 HDB and 1 condo (or even multiple condos), even if both names are included in the HDB flat as owners. There are many families who had bought a second property (either for own stay or for investment) after their HDB flats had met the MOP.
Can a married woman buy HDB alone?
Yes, you could purchase a HDB flat under your sole name. However, you will need to include your husband’s name in the flat, at least as an essential occupier. 1) You can be the sole owner, but must include your husband in the application, since you’re married.
What is an essential occupier HDB?
How old do you have to be to be an occupier of a HDB flat?
Occupier has no implication on whether stay or not staying in the flat, and does not change the status of family nucleus. (2) You may own a HDB flat as a sole-ownership if you are a Citizen and above 35 years old.
What’s the difference between a co-owner and an occupier?
A co-owner means you are listed as a joint-owner in the HDB flat either under joint tenancy or tenancy-in-common. An occupier means you are recognised as a family member in the HDB flat (often referred to as an essential occupier) but you do not own any rights to the property.
What does HDB mean by essential occupiers?
Normally HDB also refer essential occupiers as occupiers. If HDB says about occupiers, it includes essential occupiers. If they specifically mentioned essential occupiers only, then only the essential occupiers are affected and the occupiers are not included. Continue Reading the Article?
Can a HDB flat be purchased by a contractor?
Use our e-Service for the DRC Contractors and BCA Approved Window Contractors. Get an overview of the eligibility conditions and procedures for purchasing private residential property as an existing HDB flat owner.