The member (outgoing party) did not use CPF monies for the matrimonial property, but pledged it to make up his retirement sum. Can the Court order a transfer of this property to the ex-spouse (remaining party)?
The Court can order the transfer of the property to the ex-spouse without the CPF refund to the member. However, the ex-spouse will be required to make the necessary refund to his own CPF Account(s) upon the subsequent sale/transfer or otherwise disposal of property, to make up his retirement sum. This also applies to the ex-spouse if he has made a similar pledge of the property.