When you sell your property, you must refund the CPF principal amount (P) you withdrew and the accrued interest (I) to your CPF account. If you are age 55 or above and have pledged your property to set aside your retirement sum, you must also refund the pledged amount.
IMPORTANT NOTE:
However, please note that your required CPF refund is less than your P+I if you:
- were age 55 or older before 1 January 2013; and
- have set aside your Full Retirement Sum (FRS) before 1 January 2013.
This is because having set aside your FRS before 1 January 2013, you are not required by law to refund the CPF you have used to pay for your property prior to 2013. If you have continued to use your CPF from 1 January 2013, only the principal amount used from 1 January 2013 and the accrued interest need to be refunded when you sell your property.
If you are below 55
The CPF housing refund goes to your Ordinary Account (OA). You can then use these OA savings to participate in other CPF schemes or purchase another property.
If you are over 55 years old
Your housing refund will first be used to set aside your Full Retirement Sum in your Retirement Account. Any remaining balance will stay in your OA for you to
manage as needed.
You can find out more about your required housing refund in the “What happens if” section on your
Home ownership dashboard.
