CPF is ultimately meant for retirement, and to ensure that the future generations are not overly taxed with the burden of supporting the elderly. It isn't meant to be your personal bank account where you can withdraw funds as and when you want. If you choose to use cpf savings for your housing, the condition is that you are able to sufficiently provide for yourself and would be able to cough up the amount plus interest to support your own retirement. If you accept that you are always free to NOT use your cpf funds for housing, or just don't sell your house.

From Age 55 retirement extended to Age 60 THEN UP UP UP until going 70!! Goodness gracious!!! The people above 60 years old Age is a most sensitive for many low wage earners and those with little CPF monies in their retirement account!!! WHY MENTALLY TORTURE THESE PEOPLE who can’t spend their, that little monies in their retirement account!! Worse even not enough CANNOT Withdraw AT ALL from Either, OA or Medisave or what little amount in retirement account!!! CPF should not hold those much needed monies especially the ones that have no monies even in banks!!! BE Sensitive to THESE PEOPLE TRULY INDIVIDUALS NEEDS as their means of SURVIVAL!! RELEASE TO THEM AND PLEASE DON’T HOLD THESE MISERABLY POOR PEOPLES MONIES!!!!!!!!!!

It’s unacceptable that those Seniors who sold their home after LKY Set Age of CPF withdrawal for Retirement to PAY BACK CPF for retirement plus interest!! It’s more likely that some percentage of People who DIES EARLY Unfortunately NEVER GOT TO SEE THEIR OWN RETIREMENT MONIES and even get to smell their Years of Blood and Sweat to save that sum! Sometimes one wonders WHAT AGENDAS such Policy benefits those who sets the rules instead of letting these oldies enjoy their final years spending their own monies instead of being tied down!!!!!!

With me spending a lot of time in a year outside Singapore in the last 2 years due to pandemic border closures, I made a conscious decision to downsize my apartment and move to a one-bedded apartment from a 4 floors Landed Property, but only to learn that most Landlords are rejecting my offers given that I am Indian. Note, this is after they ask me to share all my confidential information including IC copies!! Ridiculous. Never imagined Singapore to treat me like a cocktoach just because of my race. I have lived in Hong Kong for over 2 decades but never felt so belittled. All my excitement to move into a 'so-called-picture-perfect city' is slowly but steadily dashing to grounds. As a senior executive in my firm, i have been instrumental in hiring local Singaporeans and promoting local labor, but here I am almost no where to move to given the atrocious behavior of these silly dumb head, not-so-friendly landlords!! Shame on them. Ministers including PM have been striving hard to bring in harmony, but its like playing drums to a deaf bullocks!! Sorry Sirs with all due respect, we are being unwelcomed even after your efforts!

Majority of people commenting either doesn't know the full return terms, or are just commenting based on their own narrow thinking... Maybe writer can make it clearer about the reasons and exemptions as well.

It’s been nearly two years since the pandemic started, but it seems like there’s still no end in sight, especially as another variant comes our way. But if we were to list out the good things that have come out of the pandemic, one of them is how we have changed the way we use...

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..the Government should stop the property trading. Speculation in HDB,...because most if these leverage to the hilt,..hoping to profit from Capital Appreciation...cash flow from rentals ( enforcement is very rare...),.. Do most simply use their talents to play life-sized Monopoly game, glorified by Property Gulus.... But the bigger picture reveals that Society, Future Generations eventually suffer...as a casualty of these Mathematical Games. Yes/ No ?

many people who purchased an old resale flat that left less than 60 years lease around 2012 to 2017, suffered a loss when selling their flats now.. as their flats have depreciated by 100k to 200k. so they are not able to return the CPF used.. in fact, some of them got quite a big amt of their CPF wiped out.

Amazing post, thank you for sharing this knowledgeable post, really this is very helpful.

Dont think it is hdb that require u to pay the accrued interest. It is cpf that requires it