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Dear Property Guru,

I have a private property that is serviced through CPF. I recently lost my SPR status but CPF has advised me I don't need to close my account.

However if I choose to renounce my SPR and withdraw CPF
Do I need to sell my property to return back the CPF withdrawals and interest accrued?

Thank you
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3 Answers

Wilson Leong
Replied
Ivan Ng
Replied
Hi,

If you wish to fully withdraw all the cpf monies, its advisable to sell the property as well. Its best to check with CPF board on their stance.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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YT Tan (陈永达)
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Good evening Ms,

You dont have to do so. But what's your intention?

If you dont wish to rent it out, perhaps by selling it off can rest your mind and do other stuffs.

Hope to hear from you more so I will be in a better position to advise you further.

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
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