A home at North Park Central is bought before completion, so the price is paid in stages as construction progresses, under the standard progressive payment scheme for uncompleted private homes.
North Park Central Progressive Payment Stages
The first 5% is paid when the option to purchase is granted, and a further 15% when the sale and purchase agreement is signed, within eight weeks. That 20% is the downpayment.
The remaining 80% follows the building. Six construction milestones account for 40% of the price, the Temporary Occupation Permit for 25%, and the Certificate of Statutory Completion for the final 15%.
| Stage | Share of price | Usually paid from |
|---|---|---|
| Option to purchase (booking fee) | 5% | Cash |
| Sale and purchase agreement, within 8 weeks of the option | 15% | Cash or CPF |
| Foundation work completed | 10% | Loan, CPF or cash |
| Reinforced concrete framework completed | 10% | Loan, CPF or cash |
| Partition walls completed | 5% | Loan, CPF or cash |
| Roofing and ceiling completed | 5% | Loan, CPF or cash |
| Doors, windows, electrical wiring and plumbing completed | 5% | Loan, CPF or cash |
| Car park, roads and drains completed | 5% | Loan, CPF or cash |
| Temporary Occupation Permit | 25% | Loan, CPF or cash |
| Certificate of Statutory Completion | 15% | Loan, CPF or cash |
The standard schedule for uncompleted private homes. The sale and purchase agreement sets out the binding terms for North Park Central.
Paying the North Park Central Downpayment
The 20% downpayment can combine cash and CPF Ordinary Account savings, but MAS requires part of it in cash. On a first home loan at the 75% limit, at least 5% of the price is paid in cash and the other 15% may come from CPF, cash or both.
If the loan tenure exceeds 30 years or runs past age 65, the first-loan limit falls to 55% and the cash minimum rises to 10%. On a second or later home loan, the minimum cash payment is 25%.
Stamp duty falls due within 14 days of signing, at the same point as the downpayment; the stamp duty page has the rates.
Payment terms on release.
Frasers Property’s payment schemes for North Park Central accompany the price list.
CPF Savings and the North Park Central Lease
North Park Central is planned on a 99-year leasehold title. Under CPF Board rules, Ordinary Account savings can be used in full when the remaining lease covers the youngest buyer to age 95.
A lease of this length leaves ample remaining term for buyers of working age; CPF Board confirms the usable amount for each household at the point of purchase.
Source: CPF Board rules on using Ordinary Account savings for private property; checked 11 November 2026.
How North Park Central Instalments Grow During Construction
The bank releases the loan stage by stage, so interest is charged only on what has been drawn. On a 75% loan, the buyer’s own 25% is spent first, and the bank’s first release covers the last 5% of the foundation stage.
Monthly repayments therefore start small and rise with each release, reaching the full amount after the Certificate of Statutory Completion. The progressive payment calculator works this through for any price, tenure and rate.
Register for North Park Central
North Park Central brings about 110 new homes to the heart of Yishun. Registrants receive each release from the developer as it is issued, together with the preview schedule and first choice of showflat appointments.
Released to registrants first
- Preview dates, with a showflat appointment held for you once viewings open.
- The e-brochure, the floor plans and the price list, each on its release day.
- A loan estimate from the TDSR calculator, set beside the stamp duty for your buyer profile.
- Clear answers on home financing and the progressive payment stages.
Register for North Park Central
Every registration receives a personal reply from the Sales Concierge.
Prefer to talk? Call or WhatsApp the Sales Concierge on +65 6200 6220.