What Is the Payment Scheme for Chencharu Central Residences?

Published 11 October 2026 · Figures as at October 2026

The Short Answer for Chencharu Central Residences

Homes at Chencharu Central Residences will be sold while the development is under construction, on the normal progressive payment scheme. The buyer pays 5% to book, 15% on signing the sale and purchase agreement, and the remaining 80% in instalments tied to construction milestones, finishing with 15% on the Certificate of Statutory Completion.

Because the payments follow the building, the bank’s loan is drawn in stages too, and interest is charged only on what has been drawn. The monthly outlay is therefore smallest in the early years and largest towards completion.

The Stages at Chencharu Central Residences

The Housing Developers Rules set the stages. After the 5% booking fee and the 15% on signing, the buyer pays 10% on completion of the foundation, 10% on the reinforced concrete framework, 5% each on the partition walls, the roofing and ceiling, the doors, windows, wiring and plumbing, and the car park, roads and drains, then 25% on the Temporary Occupation Permit and 15% on the Certificate of Statutory Completion.

If some stages have already been certified when a home is booked, those instalments fall due on the timetable in the sale and purchase agreement. The full table is on the payment scheme page.

Cash, CPF and the Loan at Chencharu Central Residences

Before the bank lends, the buyer pays their own share of the price. For a buyer with no outstanding housing loan the bank may lend up to 75%, so the buyer’s share is 25%: at least 5% in cash, which the booking fee covers, and 20% in cash or CPF Ordinary Account savings. A buyer still servicing one housing loan may borrow 45%, with at least 25% of the price in cash, and a buyer with two or more loans 35%.

A tenure over 30 years, or a loan that runs past the borrower’s 65th birthday, moves the loan into a lower band of 55%, 25% or 15%, and on a first loan the minimum cash rises to 10%. These are the MAS limits as at October 2026, set out on the housing loan page.

A Chencharu Central Residences Payment Illustration

As an illustration only, take a figure of $1,500,000, which bears no relation to the price of any home at Chencharu Central Residences, and a Singapore Citizen buying a first home with a 75% loan over 30 years. The buyer pays $75,000 in cash to book and $225,000 in cash or CPF on signing. Half of the 10% foundation instalment, $75,000, completes the buyer’s 25% share, and the bank pays the other $75,000.

Buyer’s Stamp Duty of $44,600 is paid separately within 14 days of signing, along with the legal fees. The progressive payment calculator shows the drawdown and the estimated monthly instalment at every stage for any figure, tenure and rate.

Why the Chencharu Central Residences Schedule Suits Sellers

For a household that owns a home and plans to sell it, the scheme spreads the larger payments into the later years: the 25% on TOP and the final 15% fall due only as the building nears completion. A sale can be timed to release cash before those dates.

The order of selling and buying still matters. While the first home’s loan is outstanding, the second loan is limited to 45%, and a Singapore Citizen buying a second residential property pays 20% ABSD, which a married couple may recover if the first home is sold within the period IRAS allows. The stamp duty page sets out the rule.

Other Payment Schemes at Chencharu Central Residences

Developers sometimes offer alternative payment schemes alongside the standard progressive one, such as a deferred payment arrangement in which a larger share of the price falls due at completion. Whether any such option is offered at Chencharu Central Residences is for the developer to announce with the price list, and the terms of any alternative scheme are set out in the sale documents.

Where a deferred scheme is offered, the price under it is usually different from the price under the standard scheme, and the buyer still needs to meet the stamp duty and the minimum cash share early. The Sales Concierge sends the details of every scheme on offer to registrants when the developer releases them, together with the price list.

Planning the Cash at Chencharu Central Residences

Under the standard progressive scheme the early stages call for cash rather than a loan: the 5% booking fee in cash when the option is issued, and the balance of the first 20% when the sale and purchase agreement is signed, with the stamp duty due within 14 days of signing. CPF savings can be used for part of that balance, subject to the CPF Board’s rules, and the bank loan is drawn only as later stages fall due. A household that maps these amounts against its savings before the launch can sign with confidence.

Planning the Timeline at Chencharu Central Residences

The developer confirms the expected completion dates in the sale documents when the project is released, and the instalments follow the certified stages from there. A buyer can review the loan package as the building nears completion, since interest during construction applies only to the amount drawn.

The Sales Concierge can prepare a schedule for a chosen home at a preview appointment, once the price list is out.