5 Answers


1. You do not have to pay back the Proximity Housing Grant and First Timer Housing Grant.

2. Generally, HDB rules state that you must have met your MOP before you are allowed to sell your HDB flat in the open market. If you are selling the flat within the MOP, the compensation will be determined by HDB.

3. If you had used your CPF Ordinary Account to finance your flat purchase and monthly mortgage, you must deduct this plus accrued interest from your sale proceeds. Log in to your CPF account to check how much CPF you have used with accrued interest.

4. You must also deduct your outstanding loan from the sale proceeds.

5. Let's say you sell the flat at $400,000, this would be your sale proceeds:

$400,000 - Outstanding Housing Loan - Deposit Paid by Seller ($5,000) - CPF refund with accrued interest.

From the above, if you have an outstanding housing loan and if you have used CPF to finance your flat purchase, it is likely you may experience a negative sale.

Alternatively, either you or your spouse can include a family member to retain the flat under the Public Scheme.


Mohamad Khalil

Bachelor of Arts (Communications)
E: realtor@khalilrealtor.com
Mobile: +65 8201 9254 
Website: www.khalilrealtor.com Read More

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, the HDB would not be able to buy over your flat due to your divorce case as it doesn’t work this way. And perhaps you could let me have more info of your flat so that I could let you know how much cash proceeds you be getting after the sale.

Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
Hi Sir/Mdm,

I have assisted my clients in the same situation. I will share with you my experience so that you can get a better idea of your options.

1. The Proximity Housing Grant and the First Timer Grant are distributed equally between both of you and once the flat is sold, it will be refunded with the accrual interests into your CPF account and you may use them for the next housing.

2. Allowing HBB to take back the flat is not the best idea and you may be able to fetch a much higher price if you were to sell in the open market as the HDB market is quite bullish now. I have assisted my client to appeal for a waiver of MOP and HDB has allowed them to sell in the open market.

3. As to how much sale proceeds you can get back after the sale, we will need to do up a calculation based on the estimated current value of the flat, the outstanding loan amount as well as the CPF amount used by all parties.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance.

Nick Tan
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Hope you are managing well.

If both of you are Singaporeans, the CPF 1st timer housing grants and proximity housing grants would have been distributed equally to your respective CPF OA accounts before its deducted for your flat purchase previously. Hence the amount to refund to your respective CPF OA in terms of the grants would be fair and need not be disputed. Your respective CPF usage for the house would also be stated clearly in the CPF website when you do a singpass login, hence the amounts to refund is quite clear.

However, selling back to HDB may not be actually the best option because they will not take back the house at market valuation. And it is also on case by case approval basis whether they will allow such an arrangement. If the divorce proceedings are in progress, you can wait for the Final Judgement Court Order to be out and use that as a basis for the appeal to sell within MOP period on the open market.

And finally how much cash proceeds depends on the housing loan outstanding, the CPF refunds and the eventual sale price. We can do a simple calculation if you have all the figures on hand to estimate whether the 30k sale proceeds is possible.

Hope the above clarifies. Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Hi Sir/Madam,

I hope you’re coping well given your situation.

You do not have to pay back HDB for the grants you took. You may write to HDB to appeal for waiver of MOP to sell your unit earlier, HDB will consider this on a case by case basis.

Do contact me so I can understand your situation better.

Dian Sarah (PropNex)
Diansarah@propnex.com Read More