You may apply to reserve all or part of your Ordinary Account (OA) for housing payments within six months before your 55^th birthday, with at least five working days for us to process the application. Please note that members who are above 55 years old or have withdrawn their CPF under the Reduced Life Expectancy (RLE) are not eligible to reserve their OA savings for housing payments.

 

The reserved OA savings can only be used for housing payments, subject to applicable housing withdrawal limits. It cannot be used for other CPF schemes, including Home Protection Scheme premiums.

 

If you would like to amend your reservation application, you may find the info via this link.

 

If you would like to cancel your reservation, you may find the info via this link.

 

Please keep in mind that when you start receiving monthly payouts, any unused reserved OA savings will be transferred to your Retirement Account if you have not set aside the Full Retirement Sum. This helps to increase your monthly payouts. When you apply to start monthly payouts, please remember to make alternative financing arrangements for your housing loan repayments.

 

For information on using your CPF savings for your property, you can access your Home Ownership dashboard at cpf.gov.sg/MyDashboardsFAQ.