We have outlined three methods for selling your discounted SingTel shares, with key differences summarised in the table below.

S/N	Sales Channels	Can indicate preferred sale pricing & date?	Sell full/partial shareholdings?	Fees/Charges
1	CPF Online Sale Facility	No	Can sell full only	Broker commission of 0.24% (on your gross contract amount) to Phillip Securities Pte Ltd with no minimum fee; SGX clearing fee (0.0325% on gross contract amount); SGX trading fee (0.0075% on gross contract amount); SGX settlement fee (S$0.35 per settlement); and Prevailing GST on all fees and charges.
2	Singapore Post Office	No	Can sell partial (min. 10 shares) or sell in full	A flat fee of $17.95 in broker commission to Phillip Securities Pte Ltd; SGX clearing fee (0.0325% on gross contract amount); SGX trading fee (0.0075% on gross contract amount); SGX settlement fee (S$0.35 per settlement); and Prevailing GST on all fees and charges.
3	Singapore Exchange (SGX) Retail Broker	Yes	Can sell partial or sell in full	Charges vary across different broker. Please check with your respective broker for details.

Here is an example comparing the potential costs when selling through the CPF Online Sale Facility versus Singapore Post Office:

Example: If you have 1,360 discounted Singtel shares sold at $2.42 per share, you can expect the following net amount to be refunded to your CPF Ordinary Account:

	Rates	Online Sale Facility	Rates	Singapore Post Office
Number of Discounted SingTel Shares		1,360		1,360
Selling Price		$2.42		$2.42
Gross proceeds		$3,291.20		$3,291.20
Less:
Broker's commission	0.2400%	$7.90	$17.95	$17.95
SGX Clearing fee	0.0325%	$1.07	0.0325%	$1.07
SGX Trading fee	0.0075%	$0.25	0.0075%	$0.25
SGX Settlement fee (per settlement)	0.35	$0.35	0.35	$0.35
Total fees & charges		$9.57		$19.62

Less: GST on fees & charges	9.00%	$0.86	9.00%	$1.77

Net proceed to be refunded to OA		$3,280.77		$ 3,269.81

Please refer to the detailed steps below for selling your shares through different methods.

via Online Sale Facility

Log in to my cpf Online Services with your Singpass. Select my cpf > My dashboards > Investment, look under “Discounted Singtel Shares” section and click on “Sell your shares”.

You will be directed to POEMS - an online trading platform managed by Phillip Securities Pte Ltd (‘Phillip Securities’). Once you have submitted your online instruction, Phillip Securities will sell your discounted Singtel shares. The proceeds of sale will be refunded to your CPF Ordinary Account within 6 working days.

You can find out more information on selling your discounted Singtel shares through the Online Sale Facility in this document.

via Singapore Post Office

Visit any Singapore Post Offices (‘SingPost’). For SingPost to process your instruction, you need to sell a minimum quantity of 10 shares. You would also need to produce the following documents at SingPost:

Your identity card; and
The latest hardcopy of your CPF Statement of Account, which indicates the number of discounted Singtel shares held in your CPF account.

If you are unable to sell your discounted Singtel shares in person, you may authorise a third party to sell the shares on your behalf. Your authorised person must bring the following documents to SingPost:

A completed and signed ‘Account Opening and Authorisation for The Sale of STA & ST2 Shares Form’. All sections including ‘Third Party Authorisation’ are to be completed. This application form is available at all SingPost branches;
Identity cards belonging to both authorised person and you; and
The latest hardcopy of your CPF Statement of Account, which indicates the number of discounted Singtel shares held in your CPF account.

You can find out more information on selling your discounted Singtel shares through SingPost in this document.

via Singapore Exchange (SGX) Retail Broker

Please approach your broker if you have a trading account with them. If you do not have a trading account, you can open one with any SGX broking firm.

Internet trading platforms for most brokers do not cater for sale of discounted Singtel shares. Please check with your broker before selling your discounted Singtel shares.

How would I know if I would make a gain or loss if I were to sell my discounted Singtel shares now?

Related questions

What happens when I sell my discounted Singtel shares?

How to sell my discounted Singtel shares?

Will my discounted Singtel shares be sold or liquidated when I apply to withdraw my discounted Singtel shares upon meeting CPF withdrawal conditions?

Where can I check the number of discounted Singtel shares in my CPF account?