We track 20 sales and 19 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE ESSENCE dashboard.
- Average sale price: $1,191,043 across 20 transactions
- Estimated gross rental yield: 3.7%
- District 26 PSF ranking: Mid-range (top 66%)
- 99 yrs lease commencing from 2018 · OCR · D26 · 84 units
About THE ESSENCE
THE ESSENCE is a 99 yrs lease commencing from 2018 condominium, located at CHONG KUO ROAD in District 26 (Upper Thomson, Springleaf) (Outside Central Region), comprising 84 residential units, completed in 2021.
With approximately 91 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE ESSENCE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 10 | $1,523 psf | $952,766 |
| 2 BR | 3 | $1,481 psf | $1,131,000 |
| 3 BR | 3 | $1,292 psf | $1,327,600 |
| 4 BR | 4 | $1,133 psf | $1,729,350 |
Sales Market Overview
THE ESSENCE has recorded 20 sale transactions with an average transaction price of $1,191,043, ranging from $700,000 to $1,810,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 8 | $1,286 psf | $1,329,108 | — |
| 2023 | 3 | $1,434 psf | $1,173,333 | ↑ 11.5% |
| 2024 | 4 | $1,534 psf | $1,009,500 | ↑ 7.0% |
| 2025 | 2 | $1,620 psf | $1,125,000 | ↑ 5.6% |
| 2026 | 3 | $1,369 psf | $1,126,667 | ↓ 15.5% |
THE ESSENCE ranks in the top 66% of condos in District 26 by average PSF.
Compared to the OCR average of $1,550 psf, THE ESSENCE trades 9.5% below the segment benchmark.
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Rental Market Overview
THE ESSENCE has recorded 19 rental transactions with monthly rents averaging $3,674/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 5 | $3,840/mo | $3,600/mo | $4,000/mo |
| 2 BR | 13 | $3,531/mo | $3,100/mo | $3,850/mo |
| 3 BR | 1 | $4,700/mo | $4,700/mo | $4,700/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2023 | 3 | $3,800/mo |
| 2024 | 8 | $3,694/mo |
| 2025 | 6 | $3,658/mo |
| 2026 | 2 | $3,450/mo |
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Investment Analysis
Based on average rents and sale prices, THE ESSENCE delivers an estimated gross rental yield of 3.7%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 26
Side-by-side comparison against the most actively traded condos in District 26 (Upper Thomson, Springleaf):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SPRINGLEAF RESIDENCE | 99 yrs lease commencing from 2024 | 941 | $2,178 psf | 914 |
| LENTOR MODERN | 99 yrs lease commencing from 2021 | 605 | $2,137 psf | 635 |
| LENTOR HILLS RESIDENCES | 99 yrs lease commencing from 2022 | 598 | $2,116 psf | 599 |
| LENTOR MANSION | 99 yrs lease commencing from 2023 | 533 | $2,266 psf | 533 |
| LENTOR CENTRAL RESIDENCES | 99 yrs lease commencing from 2023 | 477 | $2,222 psf | 477 |
Location Map
Map shows THE ESSENCE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE ESSENCE
- Springleaf MRT
Nearby MRT Stations
THE ESSENCE is 660m from Springleaf MRT (Thomson-East Coast Line).
| Station | Code | Line | Distance |
|---|---|---|---|
| Springleaf | TE4 | Thomson-East Coast Line | 660m |
FAQ
What is the average price for THE ESSENCE?
What is the rental yield for THE ESSENCE?
Is THE ESSENCE freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 20 transactions analysed
- Rental data: 19 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for THE ESSENCE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.