The amount that you have to refund upon selling your property depends on how much you have voluntarily refunded:

If you have fully refunded all the CPF savings you have withdrawn for your property with accrued interest, you do not need to make any refunds
If you have partially refunded the CPF savings you have withdrawn for your property with accrued interest, you will need to refund the balance CPF savings you have used with interest

When a property is sold, the selling price will generally will be used to pay the following in this order:

1. Outstanding housing loan

2. Required CPF refund

3. Other sale expenses, e.g., legal fees;

If the selling price (including the option monies) after paying the outstanding housing loan is not enough to make the required CPF refund, you do not need to top up the shortfall in cash as long as the property is sold at market value.

However, the option monies (e.g. option fee and option exercise fee) received from your buyer in cash upon the sale of your property are considered part of the selling price and need to be refunded to your co-owner’s and your CPF accounts before the transaction can be completed.

The refunded amount will be returned to your co-owner's and your CPF accounts in the following proportions:

Amount returned to owner A’s CPF Account:

Formula for amount to be refunded for owner A

Amount returned to owner B’s CPF Account:

Formula for amount to be refunded for owner B

Do I have to refund the sale proceeds when I sell my property after my CPF account is closed?

Related questions

I am over 55 years old and am planning to sell my property. How much do I need to refund to my CPF account?

I have withdrawn my CPF savings on Reduced Life Expectancy. Why do I need to refund the CPF principal amount and accrued interest when I sell my property?

I have made a voluntary refund. Do I still need to refund to my CPF account when I sell my property?

I am a bankrupt and am planning to sell my property. How much do I need to refund to my CPF account?