Scheduled Maintenance: CPF digital services will not be available from 4 Mar 2023, 10pm to 5 Mar 2023, 8am.

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Updates on 20 Apr 2021

Added new section for home page under banner.

Property owners

What kind of property must you own to make the withdrawal?

A Singapore property

The property you own must be in Singapore.

Lease which lasts you up to age 95

The remaining lease on your property must last you up to at least age 95.

Withdrawals for property owners

Because property owners won’t need to worry about rent during their retirement, they can withdraw their CPF savings down to the Basic Retirement Sum (BRS).

 

Withdrawing now will lower your future monthly payouts. You don’t have to withdraw the full sum in one go. So weigh your short- and long-term needs carefully. 

Not a property owner? You can still make a CPF withdrawal through these other options.
Other retirement withdrawals

How to make a withdrawal

If you have used CPF savings for your property

You can withdraw your savings without providing additional documents as long as the retirement sum you set aside after the withdrawal, plus the CPF savings you have used for the property including the accrued interest, is enough to make up your Full Retirement Sum (FRS).

 

When you sell your property, the CPF savings you used to pay for it, including accrued interest, will be refunded to your CPF account. This will restore your retirement sum and payouts.

Apply here
No or insufficient CPF savings usage for your property

If none of the other withdrawal options are available to you, you can still make a withdrawal down to the BRS, by pledging to refund the amount withdrawn when you sell or transfer your property. 

 

The withdrawable amount is subject to additional assessment, such as the current value of the property, the outstanding loan, and co-owners' share. To preserve your savings and safeguard your retirement, withdrawals from your Retirement Account can only be made if the sale or transfer of your property restores the retirement sum and payouts.

See examples here

How to apply

For members who have no or insufficient CPF savings usage

If you own an HDB flat

Application process

Provide your co-owners’ consent, HDB flat information, and HDB or bank loan information. You’ll receive the withdrawal amount if your application is approved.  

Apply now

If you own a private property

Application process

As part of your application, you need to provide:

  • Your co-owners’ consent
  • Bank consent if there is an outstanding loan
  • Valuation report (only upon CPF’s request)

Lodgement of a statutory charge on your property is required to secure refund of the withdrawn amount upon sale or transfer. You’ll need to pay any fees incurred. Your application will then be processed upon successful lodgement of the charge.

Apply here
FAQs

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