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How much do I need to refund to my CPF account if the selling price is not enough to cover the outstanding housing loan and the required CPF housing refund?

If the selling price of your property is not enough to cover the outstanding housing loan and the required CPF housing refund, and the property is sold at market value, you will only need to refund the selling price less the outstanding housing loan to your CPF account. You do not need to top up the CPF housing refund shortfall in cash, as long as the property is sold at market value.

The refunded amount will be returned to your CPF account in proportion to the amount you used, which is calculated as the required CPF housing refund for an individual owner divided by the required CPF housing refund for all owners, multiplied by the selling price less the outstanding loan. For a property co-owned by two people, the owners will receive the housing refund in the following proportions:

Amount returned to owner A's CPF Account:

formula for amount to be refunded for owner A

Amount returned to owner B's CPF Account:

formula for amount to be refunded for owner B