How much should I refund to my CPF account if I have a Court order extracted before 1 January 2013 directing a sale / transfer / disposal of my property?
If you have a Court Order extracted before 1 January 2013, the amount to be refunded depends on your age at the time of sale, transfer or disposal of your property.
If you are below 55
You will need to refund the CPF principal amount withdrawn plus accrued interest upon sale, transfer or disposal.
If the selling price (including the option monies) after paying the outstanding housing loan is not enough to fully refund the CPF principal amount withdrawn together with the accrued interest, you do not need to top up the shortfall in cash, provided the property is sold at market value. However, any option monies (e.g. option fee and option exercise fee) received from your buyer in cash upon the sale of your property are considered part of selling price and need to be refunded to your co-owner's and your CPF accounts before the transaction can be completed.
If you are 55 and above
Please check with us on the amount to be refunded upon sale, transfer or disposal.
