In Singapore, property purchase often includes unequal amount of CPF and Cash. Upon disposal of the property, one has to return the proceed to CPF with accrued interest first, and receive the excess (if any) in cash portion.
When division of property happened during divorce and sale is mandated, how should one manage the division fairly?
Let’s put the number into context:
For scenario 1: 50-50 after CPF return
For scenario 2: 50-50 include CPF return
For first scenario, in event of unequal CPF contribution, the one with higher CPF contribution will benefit more from the settlement, thus getting more than 50% of proceeds.
So which one is fair in your opinion?
