The Essence rent and sale price
D26 / Upper Thomson, Springleaf
Address 1 Chong Kuo Road the Essence Singapore 779830
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Apartment, Non-Landed Properties 36 transactions 99-year leasehold from 2018 Latest records Jun 2026
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Project read
Quick summary about The Essence
The Essence is a 99-year leasehold apartment in D26 / Upper Thomson, Springleaf. The page currently tracks 19 rentals and 17 sales.
- Typical rent is $3,650 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $1,070,000, with median sale PSF at $1,442 psf and total recorded sale value of $19.8M.
- Rent is down 14.3% over the last 3 months. Sale PSF is up 22.1% over the last 3 months.
The Essence Market Position
How this project compares with the wider D26 market before you read the detailed tables.
Rent vs D26 -8.8%
Rents near district median
The Essence's median rent is $3,650 compared with the D26 median of $4,000. Use this as the district-level check before narrowing by bedroom and area band.
Sale PSF vs D26 -32.9%
Sale PSF below district median
The Essence's median sale PSF is $1,442 psf versus the D26 median of $2,148 psf. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 4.09%
Rent support above district screen
Gross yield is roughly 4.09% versus a D26 screen of 2.55%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 45.1% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity +0.0%
Activity is steady
Recent transaction volume is close to the prior 6-month view.
Tenure lens 99-year leasehold
Leasehold comparison needed
99-year leasehold from 2018 matters most on sale price. Compare The Essence against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
The Essence Decision Snapshot
Fast checks for rent fairness, purchase pricing, stable rent and transaction activity before you dig into the tables.
Median rent $3,650
Is the asking rent fair?
$3,450 to $3,850 is the first fair-rent band to check. Above $3,850 should have a visible reason.
Median sale PSF $1,442 psf
Is the purchase price fair?
$1,040,000 to $1,100,000 and $1,400 to $1,490 psf are the first sale checks before adjusting for floor, size, view and condition.
2 bed rent $3,600
Are similar units renting for more?
2 bed and 1,000 to 1,100 sqft give the closest unit-size checks.
Rent stability 45.1% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume +0.0%
Is activity rising?
Activity is steady. Recent transaction volume is close to the prior 6-month view.
Run The Essence numbers
Use the typical rent and sale price from this project page as a starting point, then adjust the calculator assumptions.
Rental yield $3,650/mo Test gross and net yield against typical rent. Buy vs rent $1.1M Compare ownership cost against renting. Mortgage $1.1M Estimate monthly payment from the sale price. Stamp duty $1,442 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
The Essence Project Facts
Project-level details from URA records and local enrichment.
Tenure 99-year leasehold from 2018
Property type Apartment, Non-Landed Properties
Sales 8 sub sale transactions, 6 resale transactions, 3 new sale transactions
Total sold value $19.8M
The Essence Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 19 Sept 2023 to Apr 2026
Sale transactions 17 Aug 2021 to Jun 2026
Rent trend -14.3% Last 3 months
Sale PSF trend 22.1% Last 3 months
The Essence Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
SPRINGLEAF MRT STATION (TE4) 0.66 km away
KHATIB MRT STATION (NS14) 2.34 km away
LENTOR MRT STATION (TE5) 2.87 km away
Schools nearby
PEIYING PRIMARY SCHOOL 2.13 km away
NAVAL BASE SECONDARY SCHOOL 2.35 km away
ORCHID PARK SECONDARY SCHOOL 2.65 km away
NAVAL BASE PRIMARY SCHOOL 2.8 km away
Amenities
BISHAN NORTH SHOPPING MALL Mall / retail · 5.9 km away
GIANT SUPERMARKET NORTHSHORE PLAZA I Daily needs · 9.54 km away
SPRINGLEAF PARK CONNECTOR Park / green link · 0.61 km away
YISHUN PARK HAWKER CENTRE Food centre · 3.89 km away
The Essence Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $3,100 14 rentals in view
Latest median sale PSF $1,562 psf 10 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Jun 2026 0 - 1 $1,562 psf $975,000
May 2026 0 - 1 $1,442 psf $1,008,888
Apr 2026 1 $3,100 1 $1,579 psf $850,000
Mar 2026 1 $3,800 1 $1,249 psf $1,250,000
Jan 2026 0 - 1 $1,279 psf $1,280,000
Dec 2025 1 $3,300 0 - -
Nov 2025 1 $4,700 0 - -
Oct 2025 1 $3,600 0 - -
Sept 2025 1 $3,850 1 $1,553 psf $1,070,000
Jun 2025 1 $3,300 0 - -
May 2025 1 $3,200 1 $1,687 psf $1,180,000
Nov 2024 1 $3,600 0 - -
Projects Similar to The Essence
Same district, ranked by similar rent, sale PSF and transaction depth.
Freehold Bullion Park 2.4 km away 427 transactions
- Median rent
- $3,200
- Median sale PSF
- $1,428 psf
- Median rent
- $4,000
- Median sale PSF
- $1,563 psf
- Median rent
- $3,500
- Median sale PSF
- $1,165 psf
- Median rent
- $3,550
- Median sale PSF
- $1,085 psf
- Median rent
- $4,150
- Median sale PSF
- $1,562 psf
- Median rent
- $3,200
- Median sale PSF
- $1,528 psf
The Essence Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
2 bed $3,600 $3,531 13
3 bed $4,700 $4,700 1
Unknown $3,800 $3,840 5
The Essence Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
600 to 700 sqft $3,400 $3,500 3
700 to 800 sqft $3,400 $3,383 6
800 to 900 sqft $4,000 $4,000 1
1,000 to 1,100 sqft $3,800 $3,788 8
1,200 to 1,300 sqft $4,700 $4,700 1
The Essence Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $1,070,000 $1,442 psf 17
The Essence Latest Transactions
Most recent URA rentals and sales for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
The Essence shows a typical monthly rent of $3,650 across 19 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $3,650
Rentals 19
Rent signal Moderate
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
Recent sales at The Essence point to a typical sale price of $1,070,000 and $1,442 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $1,070,000
Median PSF $1,442 psf
Sale signal Moderate
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- 99-year leasehold from 2018 should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. The Essence has 17 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Moderate
Total sold value $19.8M
Latest record Jun 2026
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
District context
Use D26 to compare The Essence against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
The Essence FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at The Essence?
The Essence has a median monthly rent of $3,650 across 19 rentals.
What is the typical sale price at The Essence?
The median sale price for The Essence is $1,070,000, based on 17 sales on this page.
What is the median sale PSF at The Essence?
The median sale price per square foot for The Essence is $1,442 psf. The average sale PSF is $1,431 psf.
Is The Essence freehold or leasehold?
The Essence is listed as 99-year leasehold from 2018. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is The Essence located?
The Essence is located at 1 Chong Kuo Road the Essence Singapore 779830 in D26 / Upper Thomson, Springleaf.
How current is the The Essence transaction data?
The project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.