The Essence
The Essence is a 99-year apartment in District 26 (Yishun) that obtained TOP in 2023, with 84 units across 1 block. Across 99 transactions on record, units have recently transacted around S$1.04M (S$1,514 psf, ~700 sqft). There are 45 units for sale from S$799k to S$2.28M. The lease has approximately 91 years remaining.
What are the key facts about The Essence?
The Essence is a 99-year apartment in District 26 (Yishun) that obtained TOP in 2023, with 84 units across 1 block.
- Tenure
- 99-year
- TOP / Completion
- 2023
- Developer
- CHONG KUO DEVELOPMENT PTE LTD
- Total units
- 84
- Blocks
- 1
- District / Area
- District 26 (Yishun)
- Market segment
- OCR
- Median PSF
- S$1,514 psf
- Last transacted
- Jun 2026
- Remaining lease
- ≈ 91 years
What is the price and PSF at The Essence?
Units have recently transacted around S$1.04M (S$1,514 psf), at a gross rental yield of about 4.3% (URA caveat data).
Recent median price
S$1.04M
recent · 99 sales on record
Median PSF
S$1,514 psf
recent transactions
Median rent (monthly)
S$3,711
19 rentals on record
Gross rental yield
4.3%
indicative, gross
Units currently for sale are asking a median of S$1,485 psf.
Source: URA caveat data, through Jun 2026.
What has recently sold at The Essence?
The Essence has 99 recorded sales; the most recent transacted at S$1,208,000 in Jun 2026 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Jun 2026 | S$1,208,000 | 818 | S$1,477 psf |
| Jun 2026 | S$975,000 | 624 | S$1,562 psf |
| May 2026 | S$1,008,888 | 700 | S$1,442 psf |
| Apr 2026 | S$850,000 | 538 | S$1,579 psf |
| Mar 2026 | S$1,250,000 | 1,001 | S$1,249 psf |
| Jan 2026 | S$1,280,000 | 1,001 | S$1,279 psf |
| Sept 2025 | S$1,070,000 | 689 | S$1,553 psf |
| May 2025 | S$1,180,000 | 700 | S$1,687 psf |
| Jul 2024 | S$815,000 | 538 | S$1,514 psf |
| Jul 2024 | S$838,000 | 538 | S$1,557 psf |
| Apr 2024 | S$1,045,000 | 732 | S$1,428 psf |
| Jan 2024 | S$1,340,000 | 818 | S$1,638 psf |
99 sales and 19 rentals on record since Mar 2019. Source: URA.
Are prices at The Essence rising?
The median transacted PSF at The Essence has risen 4% over the past 7 years (2019–2026), from S$1,382 psf to S$1,442 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2026 | S$1,442 psf | S$1.01M | 6 | -7.1% |
| 2025 | S$1,553 psf | S$1.07M | 2 | +2.6% |
| 2024 | S$1,514 psf | S$838k | 4 | +16.4% |
| 2023 | S$1,301 psf | S$1.10M | 3 | -6.4% |
| 2021 | S$1,390 psf | S$1.01M | 15 | +3.0% |
| 2020 | S$1,349 psf | S$1.01M | 48 | -2.4% |
| 2019 | S$1,382 psf | S$1.05M | 21 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
How many property agents are active around The Essence?
3,526 CEA-registered agents closed at least one recorded deal in District 26 — where The Essence sits — in the last 12 months, across all property types.
Active agents · 12mo
3,526
District 26 · closed ≥1 deal
Deals on record
8,377
all-time · all property types
Source: CEA public transaction records, attributed to District 26across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
What bedroom types are available at The Essence?
The Essence has 45 units listed for sale, spanning 1–3-bedroom layouts.
Based on units currently listed for sale.
| Bedrooms | For sale | Price range | Median PSF |
|---|---|---|---|
| 1-bedroom | 1 | S$899k–S$899k | — |
| 2-bedroom | 41 | S$799k–S$1.39M | S$1,485 psf |
| 3-bedroom | 3 | S$2.28M–S$2.28M | S$1,811 psf |
Where is The Essence and what's nearby?
The Essence is located in Yishun, in the North Region of Singapore.
The Essence is a 99-year apartment completed in 2023. It was developed by CHONG KUO DEVELOPMENT PTE LTD. The development has 84 residential units. It sits on a land area of 4,283 sqm and has a gross floor area of 5,996 sqm.
THE ESSENCE is located at 1 Chong Kuo Road, Singapore 779830. It is part of District 26, Upper Thomson / Springleaf, Yishun. The project falls within the North Region and the OCR market segment.
The nearest rail connection is Springleaf MRT, approximately 667m away, around 10 minutes on foot. Nearby amenities include Meng Suan Interim Park for greenery and recreation. Facilities in the development include Car Park, Gymnasium room, Pavillion, and Pool Deck.
Who built The Essence and how big is the development?
The Essence was developed by CHONG KUO DEVELOPMENT PTE LTD, with 84 units over up to 5 storeys.
- Developer
- CHONG KUO DEVELOPMENT PTE LTD
- Floors
- 5 storeys
- Blocks
- 1
- Land area
- 4,283 sqm (46,102 sqft)
- Gross floor area
- 5,996 sqm (64,540 sqft)
How far is The Essence from MRT and schools?
The nearest MRT/LRT to The Essence is Springleaf MRT, about 667 m away (~10 min walk).
Getting around
- Springleaf MRT667 m · ~10 min
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What facilities does The Essence have?
The Essence has 4 facilities, including Car Park, Gymnasium room, Pavillion, Pool Deck.
What does it cost to own a unit at The Essence?
Buying a unit at The Essence (~S$1.04M) needs about S$7,650/mo in income and S$3,519/mo in repayments, after S$26,400 stamp duty and a S$261k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.04M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$26,400
BSD, tiered
Downpayment (25%)
S$261k
cash + CPF
Monthly instalment
S$3,519/mo
30y @ 3.5%
Income required
S$7,650/mo
TDSR @ stress rate
Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →
Thinking about The Essence? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from The Essence's own transactions.
PropKakiRecent units at The Essence sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about The Essence
How much does a unit at The Essence cost?⌄
Units at The Essence have recently transacted around S$1.04M (S$1,514 psf), from 99 sales on record (URA caveats). The exact price depends on size, floor and facing.
How much do I need to earn to buy at The Essence?⌄
For a unit around S$1.04M as a first home, you'd need roughly S$7,650/mo in income (assessed at the stress-test rate), with repayments near S$3,519/mo after a S$261k (25%) downpayment and S$26,400 Buyer's Stamp Duty.
Is The Essence a good investment?⌄
Gross rental yield is about 4.3%; median PSF has risen about 4% since 2019. Whether it suits you depends on your budget, holding period and the unit's size, floor and facing — all summarised on this page from URA data.
Are prices at The Essence going up?⌄
The median transacted PSF at The Essence has risen about 4% between 2019 and 2026, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is The Essence freehold or leasehold?⌄
The Essence is 99-year, with approximately 91 years remaining on the lease.
When was The Essence built and who developed it?⌄
The Essence obtained TOP in 2023, developed by CHONG KUO DEVELOPMENT PTE LTD, with 84 units across 1 block.
How many units are for sale at The Essence?⌄
There are 45 units for sale at The Essence, from S$799k to S$2.28M.
What is the nearest MRT to The Essence?⌄
The nearest MRT/LRT station to The Essence is Springleaf MRT, about 667 m away (~10 min walk).