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 100 transactions on record, units have recently transacted around S$1.04M (S$1,514 psf, ~700 sqft). There are 70 units for sale from S$750k to S$2.28M. The lease has approximately 91 years remaining.
| Tenure | 99-year leasehold from 2018 (≈91 years left) |
|---|---|
| TOP year | 2023 |
| Developer | CHONG KUO DEVELOPMENT PTE LTD |
| Units | 84 in 1 block |
| District and area | District 26 · Yishun · OCR |
| Nearest MRT | Springleaf MRT, 667 m (~10 min walk) |
| Latest median psf | S$1,514 psf, last 12 URA caveats to Aug 2026 |
What's for sale and for rent at The Essence?
The Essence has 70 units listed for sale, asking S$750k to S$2.28M (median S$1,639 psf), and 2 units for rent at a median of S$3,300 a month.
For sale
70 listings
S$750k – S$2.28M
For rent
2 listings
S$3,300 – S$3,300 a month
| Bedrooms | For sale | Asking price | Median PSF |
|---|---|---|---|
| 2-bedroom | 67 | S$750k–S$1.39M | S$1,639 psf |
| 3-bedroom | 3 | S$2.28M–S$2.28M | S$1,811 psf |
Asking prices of units currently listed on property portals, not transacted prices.
What are the floor plans and unit sizes at The Essence?
PropKaki has 13 floor plans for The Essence, from 1 to 3 bedrooms (538 sqft to 1,259 sqft).
A1 · 1 bedroom · 538 sqft
A2 · 1 bedroom · 538 sqft
B1 · 2 bedroom · 624 sqft
B4 · 2 bedroom · 689 sqft
B2 · 2 bedroom · 700 sqft
B2a · 2 bedroom · 700 sqft
See all 13 floor plans for The Essence in the Floor Plan Finder →
Floor plans from PropKaki's floor plan library. Unit sizes from URA caveats. Listed sizes from current property listings.
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 · 100 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$1,639 psf — about 8% above the most recent transacted PSF.
Source: URA caveat data, through Aug 2026.
What has recently sold at The Essence?
The Essence has 100 recorded sales; the most recent transacted at S$1,080,000 in Aug 2026 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Aug 2026 | S$1,080,000 | 700 | S$1,544 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 |
100 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 7% over the past 7 years (2019–2026), from S$1,382 psf to S$1,477 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2026 | S$1,477 psf | S$1.08M | 7 | -4.9% |
| 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.
Is The Essence a good investment?
Of 16 units at The Essence that were bought and later resold (bought from 2019, resold up to 2026), 94% sold for more than they were bought for, with a median gain of 11% over a median 4.9-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 4.3%. Units listed now ask about 8% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.
Sold for more than bought
94%
of 16 resales here
Median gain
11%
gross, before costs
Median hold
4.9 years
bought to resold
Every unit at The Essence with a purchase and a later resale on record, matched from URA caveats. Check the odds for your unit size and holding period →
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.
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.
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)
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
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
8,382
all-time · all property types
Source: CEA public transaction records, attributed to District 26 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
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
Is The Essence freehold?⌄
No. The Essence is on a 99-year lease that started in 2018, with about 91 years left.
How old is The Essence?⌄
The Essence was completed (obtained TOP) in 2023, so it is about 3 years old.
Is The Essence a good investment?⌄
Of 16 units at The Essence that were bought and later resold (bought from 2019, resold up to 2026), 94% sold for more than they were bought for, with a median gain of 11% over a median 4.9-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 4.3%. Units listed now ask about 8% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.
Is The Essence an EC?⌄
No. The Essence is a private apartment development, not an executive condominium (EC).
Who is the developer of The Essence?⌄
The Essence was developed by CHONG KUO DEVELOPMENT PTE LTD.
What is the price of a condo at The Essence?⌄
Units at The Essence have recently sold for around S$1.04M (S$1,514 psf), the median of the last 12 URA caveats to Aug 2026. The price depends on size, floor and facing. 70 units are listed for sale from S$750k to S$2.28M.
Where is The Essence located?⌄
The Essence is at 1 Chong Kuo Road, Singapore 779830, in Yishun (District 26). The nearest MRT station is Springleaf MRT, about 667 m away.
How many units are there in The Essence?⌄
The Essence has 84 units in 1 block, up to 5 storeys high.
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.
Are prices at The Essence going up?⌄
The median price per square foot at The Essence has risen about 7% between 2019 and 2026, based on URA caveats. The year-by-year figures are in the price-trend table above.