Illustrative imageHomes at Chencharu Central Residences will be sold under construction on the normal progressive payment scheme: the price is paid in stages that follow the building as it is completed, from the booking fee to the final payment on statutory completion.
Chencharu Central Residences Progressive Payment Stages
The stages and their percentages are set by the Housing Developers Rules. The right-hand column shows how much of the price has been paid in total at each stage.
| Stage | % of price | Cumulative |
|---|---|---|
| Booking fee, on the grant of the option to purchase | 5% | 5% |
| Sale and purchase agreement, within 8 weeks | 15% | 20% |
| Completion of foundation | 10% | 30% |
| Completion of reinforced concrete framework | 10% | 40% |
| Completion of partition walls | 5% | 45% |
| Completion of roofing and ceiling | 5% | 50% |
| Completion of doors, windows, electrical wiring and plumbing | 5% | 55% |
| Completion of car park, roads and drains | 5% | 60% |
| Temporary Occupation Permit (TOP) | 25% | 85% |
| Certificate of Statutory Completion | 15% | 100% |
Standard schedule for a building under construction under the Housing Developers Rules, checked 11 October 2026. The sale and purchase agreement governs; the Sales Concierge confirms the stages certified at the time of booking.
Chencharu Central Residences Cash, CPF and Loan Portions
The 5% booking fee is paid in cash. The rest of the buyer’s own share follows before the bank lends anything, and MAS sets how much of it must be cash. A buyer with no outstanding housing loan may borrow up to 75% of the price: of the 25% paid first, at least 5% is cash, which the booking fee already covers, and the remaining 20% may come from cash or CPF Ordinary Account savings within CPF rules.
| Borrower | Max loan | Own funds | Minimum cash |
|---|---|---|---|
| No outstanding housing loan | 75% | 25% | 5% |
| No outstanding loan, tenure over 30 years or past age 65 | 55% | 45% | 10% |
| One outstanding housing loan | 45% | 55% | 25% |
| Two or more outstanding housing loans | 35% | 65% | 25% |
Source: MAS, checked 11 October 2026. Limits can change; confirm with MAS or your bank before signing.
With a 75% loan, the booking fee and the 15% on signing bring the buyer to 20% of the price; half of the foundation instalment completes the 25%, and the bank pays each certified stage from then on. The housing loan page explains when the lower limits apply.
How a Chencharu Central Residences Loan Is Drawn
As each stage is certified, the developer issues a notice and the bank releases that instalment. Interest during construction is charged only on the amount drawn, so repayments start small and rise as the blocks and the podium are completed.
Where some stages are already certified when a home is booked, those instalments fall due on the timetable set in the sale and purchase agreement. The Sales Concierge confirms which stages have been reached at the time.
Chencharu Central Residences TOP and the Final Instalments
The 25% instalment falls due on the Temporary Occupation Permit, and the final 15% on the Certificate of Statutory Completion. The developer confirms the expected dates in the sale documents when the project is released.
Stamp duty is paid separately and early, as the stamp duty page explains. The progressive payment calculator gives the amount and the estimated monthly instalment at every stage for a chosen price and loan.
Register for the Chencharu Central Residences Preview
Registration places you on the preview list for Chencharu Central Residences. The Sales Concierge sends each release as the developer issues it and arranges a private viewing when the showflat opens.
What registrants receive first
- The e-brochure and the full project details on release.
- The floor plans and the site plan of the residential blocks and podium.
- The price list and the balance units chart by block and level.
- An invitation to a private showflat appointment when the sales gallery opens.
Register Your Interest
No obligation. The Sales Concierge responds personally to every enquiry.
To talk it through instead, call +65 6200 6220 or send a WhatsApp message to the same number.