CPFB | Home ownership

Home ownership

Understand the essentials of home ownership

Buy a home that you can afford and adopt the right mortgage repayment strategy so that you can preserve savings in your Ordinary Account (OA) for your retirement.

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Manage
Refund
FAQs
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Buy a property

Learn how you can plan ahead financially before buying a property.

Pay your mortgage

Find out more about your OA usage for your property.

Sell a property

Check how much you need to refund to your CPF when selling your property.

Plan

Buy a property

Start planning and choose a home without overstretching your budget.

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Buy a home you can afford

Buying a home may be one of the biggest purchases you’ll make. Choose a home you can afford so that your home is fully paid up when you retire.

Learn more

Use your OA wisely

There are limits on the amount of OA savings you can use on your property. Use a combination of cash and OA savings to continue earning attractive interest rates on the funds in your CPF.

Calculate usage from OA

Protect against losing your HDB flat

Safeguard the roof over your head with Home Protection Scheme (HPS), a mortgage-reducing insurance that protects you and your loved ones from losing your HDB flat in the event of death, terminal illness or total permanent disability.

Learn more

Manage

Pay your mortgage

Balance the use of your OA with cash, taking into consideration factors such as your OA contribution rate and leveraging attractive interest rates earned on OA savings. The more OA you use, the less you have for your retirement.

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How much have you used from your OA?

You can view your Home ownership dashboard to check the amount used for your property and how much more you can use before reaching the usage limits where applicable.

View your dashboard

How can you make changes to your OA usage?

You can start, adjust, or stop your current OA usage for your property. If your loan provider is HDB, please approach HDB directly.

Manage usage for bank loan Make changes at HDB site

Can you make a voluntary refund without selling a property?

Yes, the refunded amount will start earning attractive CPF interest which boosts your savings for retirement. By making a voluntary refund, you may receive more cash proceeds when selling your property.

Learn more

Are you adequately covered under HPS?

You’re required to be insured under the HPS, if you’re using your CPF savings to pay the monthly housing instalments of your HDB flat. Remember to login to my CPF Online Services to check if your HPS coverage is adequate when making changes to your housing loan.

Check your HPS coverage

Refund

Sell a property

How much do you need to refund into your CPF?

CPF is meant for your retirement needs. When you use your CPF savings for your property, your retirement savings are reduced. Hence, when you sell your property, you'll need to refund the amount that you have used plus the interest accrued on this amount. This is to restore your retirement savings. If you have pledged the property to make up your retirement sum, you will also need to refund the pledged amount.

Do note that your HPS cover will also end when your HDB flat is sold. The unused portion of your premium will be refunded into your OA.

See how much to refund