How Much Cash Will I Get After Selling My Property If I Took An HDB Loan?

Source: CPF Board


Do you know how much you need to refund to your CPF after selling your house? If you took an HDB loan, your sale proceeds will be used to pay any outstanding loan, HDB resale levy (if any), and the required CPF refund before the remaining proceeds are paid out to you.



The required CPF refund is made up of:

  1. the principal CPF amount (P) which you have withdrawn for the HDB flat;
  2. and 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.

However, if the net sale proceeds (i.e. sales proceeds less outstanding loan and HDB resale levy) from selling your house is insufficient to make the required CPF refund, you will not need to top up the shortfall in cash, provided that it is sold at market value.

Here’s what happens in the case of insufficient sales proceeds for a full CPF refund. The proceeds will be allocated 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 as long as the property is sold at or above its current 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 look 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* Required CPF Refund: the principal CPF amount (P) which you have withdrawn for the HDB flat; and the accrued interest (I) which you would have earned if the savings were not withdrawn for the flat.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pledged your property to withdraw your Retirement Account savings, You will need to refund the CPF principal amount withdrawn for the property and its accrued interest, as well as the pledged amount.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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