How Much Cash Will I Get After Selling My Property If I Took A Bank Loan?

Source: CPF Board

Do you know how much you need to refund to your CPF after selling your house? If you took a bank loan, your sale proceeds will be used to pay any outstanding loan, the required CPF refund, before the remaining proceeds are paid out to you.

The amount of cash you can expect to receive upon selling your HDB house will vary depending on the amount of loans and fees you have to pay off. Here’s a quick look at what you can expect to pay:

If you have used your CPF savings to finance your HDB flat, you will have to refund to your CPF:

  1. the principal CPF amount (P) which you have withdrawn for the HDB flat; and
  2. the accrued interest (I) which you would have earned if the savings were not taken out from your CPF account.

If you are 55 years old and above, and have pledged your property to withdraw your Retirement Account (RA) savings in cash, you will need to refund the pledged amount on top of the P and I. The amount refunded to your CPF account will be used to meet your Full Retirement Sum in your RA. 

If you sell your property at or above its current market value and the selling price is insufficient to repay the outstanding housing loan and full CPF refunds required, we will allocate the proceeds between your co-owner’s and your CPF account, as follows: 


You and your co-owner do not need to top up the shortfall in cash if the net sale proceeds (i.e. sales proceeds less outstanding loan) are insufficient to make the required CPF refund, provided that the house is sold at market value.

You can view the total amount that is refundable to your CPF account by logging into http://www.cpf.gov.sg using your SingPass, and looking under your Property Statement.

* Required CPF Refund: the principal CPF amount (P) which you have withdrawn for the HDB flat; and the accrued interest (I) which you would have earned if the savings were not withdrawn for the flat. The accrued interest is currently computed monthly at an annual interest rate of 2.5%, and compounded annually.
You can check your required CPF refund amount by logging in to my cpf online services with your SingPass.

^If you are 55 years old and above, and have pledged your property to withdraw your Retirement Account savings, You will need to refund the CPF principal amount withdrawn for the property and its accrued interest, as well as the pledged amount.

For a non-obligation discussion to further your clarification, please give Irene a call @ 98469648. Cheers!

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