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Anonymous

29 Oct 2020

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What are the benefits of applying for BTO under the owner and occupier scheme?

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Yeap Ming Feng

29 Oct 2020

Head of Seedly at Seedly

Hey!

So under the eye of the law, the occupier is not a homeowner. With that, comes various pros and cons.

Cons:

Occupier's CPF cannot be used to help pay the HDB.
Occupier has no ownership rights on the property.
Minimum Occupation Period (MOP) applies to both the occupier and owner.

Pros:

The occupier will not be required to pay Additional Buyer's Stamp Duty
The occupier will be able to qualify for a higher loan quantum when purchasing a private property.

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I'm thinking of applying BTO as a first timer (owner) and my husband as occupier. Will we still be subjected to resale levy as my husband has purchased BTO previously?

I applied as an Occupier together with my wife (as the Owner) for a BTO previously. Would I be considered a first-timer after fulfilling the 5 years occupancy period and be eligible for grants?

If i put my mum as occupier for bto application. Currently she owns 4rm flat no intent to sell. Can i apply for new bto 3rm as a single?

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