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Hi,

Yes, the CPF utilized + accrued interest by outgoing owner have to be repaid by owners remaining in the HDB. Thanks and may I understand what are you trying to achieve? Hope to discuss further.

Warm Regards,
Ivan Ng
Proactive. Sincerity. Feedback.
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Website: http://www.ivanng10.com/#!reviews/c11r1
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Morning Sir,

Thanks for posting in Propertyguru.

Yes the regulations will require your mum to pay back the CPF that you have used plus the accrued interests. This often proves to be tough for a lot of people. It is very common actually. Most parents purchase the house with kids as co owners so as to lower the financial burden so if we were to ask them to come up with a huge amount of money to pay back to the children's CPF, really can be very challenging. I have spoken to many clients who were in the same predicament.

Maybe I can suggest that you can drop me a call or we can even meet up for a chat. No worries as there are no obligations at all. Then I can try to work up a solution for you if I know what are your future plans. I can also take the chance to answer any other questions that you may have. At least you will be able to make a more informed decision if you have your questions answered.

Looking forward to hear from you soon! Thanks.

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More