Home| About Us | News | Join Us | Useful Links 
  Members > Life Events > Buying A House > What Happens When You Sell? Read Aloud Printer Friendly Version
Bookmark and Share
::: Members :::
Employers
Business Partners
my cpf Online Services
Login here with Singpass
  Get Started  
  View Online Demo  
  Request A SingPass  

my cpf - Main Page

my cpf - Life Events
  Starting Work
  Getting Married
  Having Children
  Buying A House
  Making An Investment
  Providing for your Healthcare Needs
  Living Overseas
  Starting A Business
  Hiring Employees
  Reaching 55
  Managing Your Retirement
  Losing A Loved One

  Do you find this Life Event informative?
  Do you find this Life Event well-presented?
   
- Buying A House
...A Place To Call Your Own

 
What happens when you sell?
 
a) My HDB Flat
b) My Private Property
 
a) For HDB flat
If you sell your HDB flat, you need to refund the principal amount you had earlier withdrawn for the purchase of the flat, including the accrued interest, to your CPF account. This interest is the amount you would have earned, had the savings not been taken out.
 
If you are aged 55 and above when you sell your flat, the CPF refunds will be used to top up your Retirement Account up to your cohort Minimum Sum and your Medisave Account up to the current Medisave Minimum Sum. Any excess CPF refunds will be paid to you within 5 working days from the crediting of the refunds to your CPF account.
 
Click here to find out how much you had withdrawn for your HDB flat.
 
b) Private Property
Before you sell, mortgage or transfer your private property, you must obtain the consent of the Board. When the property you have bought with CPF is sold or transferred, you have to return the CPF savings you have withdrawn as well as the accrued interest to your CPF account.
 
If you are aged 55 and above when you sell your property, the CPF refunds will be used to top up your Retirement Account up to your cohort Minimum Sum and your Medisave Account up to the current Medisave Minimum Sum. The excess CPF refunds will be paid to you within 5 working days from the date of refund crediting.
 

Click here to find out how much you had withdrawn for your private property.

 
Buying A House 

What is your current financial situation?
Should you buy an HDB flat or a private property?
When can I use my CPF savings to buy a home?
What can CPF savings be used for?
How much CPF can you use?
What important factors should you be aware of when using CPF to repay a housing loan?
When will CPF charge take effect?
What happens if you divorce?
What if you are a bankrupt?
Other considerations
Moving forward
 Last Updated on: Thursday, January 02, 2014 at 5:22 PM
Copyright © 2014 Central Provident Fund Board