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THE ESSENCE

District 26 · CHONG KUO ROAD

Overview

THE ESSENCE is a 99-year leasehold condominium in District 26, Singapore, completed in 2021 with 84 units. The average transacted price is $1,362/sqft based on 71 recorded transactions. Nearby MRT: SPRINGLEAF MRT STATION.

Price Trends

Price Data (SGD)
Developer:Chong Kuo Development Pte Ltd

THE ESSENCE

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Property Summary

Location
1 Chong Kuo Road, District 26
Tenure
99-year leasehold (from 4 May 2018)
Units
84
Completion
2021
Developer
Chong Kuo Development Pte Ltd (JV of Lian Soon Holdings Pte Ltd & OKP Land Pte Ltd)
Floors/Blocks
2 blocks, 5 storeys each
Site Area
4,282.9 sqm (46,092 sqft)
Information is subject to change and should be verified independently.
Available in multiple languages

Nearby Transport

  • SPRINGLEAF MRT STATION
    Exit 10.66 km • 8 min walk

Nearby Transport

Nearby Transport

  • SPRINGLEAF MRT STATION
    Exit 10.66 km • 8 min walk

Nearby Schools

Nearby Schools

  • Peiying Primary School
  • Orchid Park Secondary School
  • Naval Base Primary School

Property Analysis

THE ESSENCE is a 99-year leasehold apartment development located in District 26 within the Mandai and Upper Thomson area, with its lease commencing in 2018. The project has a median transaction price of $1,057,500, with units transacting within a price range of $1,239 to $1,762 per square foot.

AI-generated analysis based on available market data. Last updated 21 March 2026. This content is for informational purposes only and should not be considered financial advice.

Financial Breakdown

Estimated costs based on median transaction price

Median Price
$1,008,000
Buyer's Stamp Duty
$26,900
Down Payment (25%)
$264,375
Est. Monthly Payment
$3,971/mo
25-year loan at 3.5%

Eligibility Check

Estimate stamp duty based on your buyer profile

ABSD Rate
0%
ABSD Amount
$0
BSD Amount
$26,900
Total Stamp Duty
$26,900
Estimated Monthly Payment
$3,971/mo

Neighbourhood Amenities

Transport

1
  • SPRINGLEAF MRT STATION

Rental Yield

Insufficient data to calculate rental yield. Sale or rental transaction data is not yet available for this property.

Recent Transactions

(71 of 71)
DateProject NameAddressSize (sqm)PricePSFFloorTypeSegmentDistrictTenure
2025-09THE ESSENCECHONG KUO ROAD64 sqm (689 sqft)$1,070,000$1553/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2025-05THE ESSENCECHONG KUO ROAD65 sqm (700 sqft)$1,180,000$1687/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2024-07THE ESSENCECHONG KUO ROAD50 sqm (538 sqft)$838,000$1557/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2024-07THE ESSENCECHONG KUO ROAD50 sqm (538 sqft)$815,000$1514/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2024-04THE ESSENCECHONG KUO ROAD68 sqm (732 sqft)$1,045,000$1428/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2024-01THE ESSENCECHONG KUO ROAD76 sqm (818 sqft)$1,340,000$1638/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2023-11THE ESSENCECHONG KUO ROAD58 sqm (624 sqft)$1,100,000$1762/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2023-11THE ESSENCECHONG KUO ROAD129 sqm (1389 sqft)$1,720,000$1239/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2023-06THE ESSENCECHONG KUO ROAD50 sqm (538 sqft)$700,000$1301/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-09THE ESSENCECHONG KUO ROAD156 sqm (1679 sqft)$1,810,000$1078/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-09THE ESSENCECHONG KUO ROAD68 sqm (732 sqft)$1,008,000$1377/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-08THE ESSENCECHONG KUO ROAD156 sqm (1679 sqft)$1,810,000$1078/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-05THE ESSENCECHONG KUO ROAD65 sqm (700 sqft)$1,017,000$1454/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-04THE ESSENCECHONG KUO ROAD100 sqm (1076 sqft)$1,452,800$1350/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-04THE ESSENCECHONG KUO ROAD65 sqm (700 sqft)$1,000,000$1429/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-04THE ESSENCECHONG KUO ROAD129 sqm (1389 sqft)$1,577,400$1136/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-02THE ESSENCECHONG KUO ROAD64 sqm (689 sqft)$957,660$1390/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-02THE ESSENCECHONG KUO ROAD65 sqm (700 sqft)$1,041,000$1488/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-01THE ESSENCECHONG KUO ROAD68 sqm (732 sqft)$1,003,000$1370/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)
2021-01THE ESSENCECHONG KUO ROAD65 sqm (700 sqft)$999,000$1428/sqft01-05ApartmentOCR2699 yrs lease commencing from 2018 (91 yrs remaining)

Showing 1 to 20 of 71 results

Market Statistics

Frequently Asked Questions

What is the median price per square foot at THE ESSENCE?

The median price per square foot for the project is $1,384.257. Recent transactions have seen a range from $1,239 to $1,762 psf depending on the specific unit and timing.

What are the recent transaction prices for 2-bedroom units?

A 689 sqft unit transacted for $1,070,000 ($1,553 psf) in September 2025. Another unit measuring 700 sqft sold for $1,180,000 ($1,687 psf) in May 2025.

What is the tenure and age of the development?

THE ESSENCE is a 99-year leasehold apartment. The lease for the property commenced in 2018.

How many units have been sold in this project?

There have been a total of 71 transactions recorded for this development. This volume reflects the historical sales activity since the project's launch.

What is the lowest price recorded in recent transactions?

The lowest price among the most recent transactions was $815,000 for a 538 sqft unit in July 2024. This equates to a unit rate of $1,514 per square foot.

How do prices for larger units compare to smaller ones?

A 732 sqft unit sold for $1,045,000 ($1,428 psf) in April 2024, which is a lower PSF compared to the 538 sqft units sold in July 2024 at $1,514 and $1,557 psf. This indicates that smaller units in the project currently command a higher price per square foot.

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Slight uptrend+3.5% over period
2 years change:+3.5% ($1500 → $1553)
Median PSF:$1553/sqft