When selling or transferring your share of the property, you must refund the CPF principal amount (P) you withdrew with the accrued interest (I).

 

If you are over 55 and have pledged the property to meet your retirement sum, you will also need to refund the pledged amount on top of the P+I. 

 

However, please note that your required CPF refund is less than your P+I if you:

1. were age 55 or older before 1 January 2013; and
2. 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 selling your share of the property at market value and the selling price (after deducting your share of the outstanding housing loan) cannot fully cover your housing refund, the amount to be refunded is the higher of the two figures below:

 

You can check your required housing refund in the “What happens if” section on your Home ownership dashboard.

 

Note: The amount to be refunded is the higher of Figures 1 and 2, capped at the sum of P+I and the pledged amount (if any).