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?

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If your property is sold at market value, you only need to refund the remaining proceeds after paying your outstanding loan.

To obtain an indication of the market value of your property for:

HDB flat owners: Visit HDB’s website
Private property owners: Visit Urban Redevelopment Authority (URA)’s website

The refunded amount is distributed proportionally based on how much each owner used from their CPF. The formula is:

(Your required CPF housing refund ÷ Total required CPF housing refund for all owners) × (Selling price - Outstanding loan)

For properties with multiple owners, each person receives their proportional share of the available refund amount based on their individual CPF usage.

Amount returned to owner A’s CPF Account:

Amount returned to owner B’s CPF Account:

If your property sells below market value, you will need to top up the shortfall in cash.

For details on your required CPF housing refund, you may refer to the “What happens if” section on your Home ownership dashboard.

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?

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