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How soon can I sell my investments which are traded on the Singapore Exchange after I buy them under the CPF Investment Scheme-Ordinary Account?

You can sell your investments (e.g. shares or property funds) which are listed on the Singapore Exchange one trading day after the purchase date provided:

  • Your stock broker has keyed the purchase trade on the day the purchase contract is made; and
  • You have sufficient investible funds in your CPF Investment and/or Ordinary Account to settle the purchase. 

Your available stock limit or gold limit will be updated on the 2nd trading day (i.e. T+2) based on the cost of the shares, property funds, corporate bonds or gold exchange traded funds (ETFs) sold when the sale transaction is settled. Please refer to this example (PDF, 0.1MB) to see how the stock limit and gold limit are computed.

If you intend to buy another share, property fund, corporate bond or gold ETF during this T+2 period, please check with your agent bank on your available stock limit or gold limit first. You will need to have sufficient investible funds in your CPF Investment and/or Ordinary Account to settle the new purchase before the settlement deadline.

You have to ensure that you have the sufficient limits, and monies to reinvest when your sale proceeds have been refunded. Unlike cash trades, stock investment using CPF is subject to the CPF stock limit which may change with CPF contributions, withdrawals, crediting of CPFIS sale proceeds, new CPFIS investments etc. Hence, to err on the safe side, it may be better for you to reinvest after your fund position is firmed up on T+2, in line with SGX settlement framework.