Mr Chua Kheng Wee Louis asked the Minister for Manpower (a) what are the current median and average (i) CPF Ordinary Account, Special Account and MediSave Account balances; (b) what is the current total principal amount withdrawn for residential properties, broken down by age deciles respectively.
Dr Tan See Leng: The median and average CPF Ordinary Account, Special Account and MediSave Account balances, and median and average amounts withdrawn for residential property broken down by age bands as at December 2022 are shown in Table 1 below. As members aged 55 and above can make CPF withdrawals in cash from age 55 depending on their needs, the comparison between their CPF balances and amount withdrawn for housing would not be meaningful.
Ministry of Manpower
5 July 2023
https://sprs.parl.gov.sg/search/#/sprs3topic?reportid=written-answer-13861
Office of the Leader of the Opposition 