When you use your CPF savings to purchase a private property, a CPF charge is created and lodged with the Singapore Land Authority (SLA). To discharge the CPF charge, you will need to refund the amount used for your property, plus the accrued interest, to your CPF account. The discharge process can then be completed in one of two ways: 

 

1. If you are selling your property, your lawyers handling the sale will complete the discharge as part of the sale transaction. 
2. If you are not selling your property, after making a full voluntary refund of the CPF amount used and its accrued interest, you can engage a lawyer to lift the CPF charge. The lawyer will: 

• Assist you with the legal documentation required by SLA
• Handle any conveyancing matters involved in the discharge process

Please note that legal costs will be incurred in this process, and you will need to use cash to pay the legal costs.   

After the CPF charge is discharged, no further CPF savings can be used for the property. If you are above 55, the property cannot be pledged for the withdrawal of your Retirement Account savings above the Basic Retirement Sum. If you wish to do so, a new CPF charge is required, and legal costs will be incurred in the creation and lodgement of the new CPF charge.