The Essence
$1,477 psf
Median over 9 sales in the 12 months to September 2026
$950,000
Latest sale, September 2026: 624 sq ft, storeys 1 to 5
18
Recorded sales since June 2023
The Essence on Chong Kuo Road has had 18 recorded sales since June 2023. The latest was 624 sq ft on storeys 1 to 5, sold in September 2026 for $950,000 ($1,522 psf). Over the 12 months to September 2026, the median was $1,477 psf across 9 sales.
- Developer Chong Kuo Development Pte Ltd
- 84 units
- 5 storeys
- completed 2023
- 99 yrs lease commencing from 2018
- Apartment
- OCR
What's my condo worth? A free estimate from this project's URA sales.
Estimate a unitAll sales, last 5 years
Storeys are URA's five-floor bands. Unit numbers are never shown.
| Month | Price | psf | Size (sq ft) | Storeys | Type |
|---|---|---|---|---|---|
| Sep 2026 | $950,000 | $1,522 | 624 | 1 to 5 | Resale |
| Sep 2026 | $770,000 | $1,431 | 538 | 1 to 5 | Resale |
| Aug 2026 | $1,080,000 | $1,544 | 700 | 1 to 5 | Resale |
| Jun 2026 | $1,208,000 | $1,477 | 818 | 1 to 5 | Resale |
| Jun 2026 | $975,000 | $1,562 | 624 | 1 to 5 | Resale |
| May 2026 | $1,008,888 | $1,442 | 700 | 1 to 5 | Resale |
| Apr 2026 | $850,000 | $1,579 | 538 | 1 to 5 | Resale |
| Mar 2026 | $1,250,000 | $1,249 | 1,001 | 1 to 5 | Resale |
| Jan 2026 | $1,280,000 | $1,279 | 1,001 | 1 to 5 | Resale |
| Sep 2025 | $1,070,000 | $1,553 | 689 | 1 to 5 | Resale |
| May 2025 | $1,180,000 | $1,687 | 700 | 1 to 5 | Sub-sale |
| Jul 2024 | $838,000 | $1,557 | 538 | 1 to 5 | Sub-sale |
| Jul 2024 | $815,000 | $1,514 | 538 | 1 to 5 | Sub-sale |
| Apr 2024 | $1,045,000 | $1,428 | 732 | 1 to 5 | Sub-sale |
| Jan 2024 | $1,340,000 | $1,638 | 818 | 1 to 5 | Sub-sale |
| Nov 2023 | $1,720,000 | $1,239 | 1,389 | 1 to 5 | Sub-sale |
| Nov 2023 | $1,100,000 | $1,762 | 624 | 1 to 5 | Sub-sale |
| Jun 2023 | $700,000 | $1,301 | 538 | 1 to 5 | Sub-sale |
Rents
Over the 12 months to August 2026, The Essence let for a median $3,700 a month across 8 contracts.
Indicative gross yield: the median monthly rent over 12 months to August 2026, times 12, divided by the median sale price over 12 months to September 2026 ($1,008,888, 9 sales). The homes let and the homes sold differ in size and floor, and it is before costs, vacancy and tax. An estimate, not a valuation.
Median monthly rent by bedrooms, 12 months to August 2026
| Bedrooms | Median rent | Contracts |
|---|---|---|
| 2 bedrooms | $3,600 | 7 |
| 3 bedrooms | Fewer than 3, not shown | 1 |
All rental contracts, Q4 2024 to Q3 2026
Size is URA's range in square feet. Unit numbers and floors are never shown.
| Lease from | Monthly rent | Bedrooms | Size (sq ft) |
|---|---|---|---|
| Aug 2026 | $4,000 | 2 | 800 to 900 |
| Aug 2026 | $3,550 | 2 | 600 to 700 |
| Apr 2026 | $3,100 | 2 | 700 to 800 |
| Mar 2026 | $3,800 | 2 | 1,000 to 1,100 |
| Dec 2025 | $3,300 | 2 | 700 to 800 |
| Nov 2025 | $4,700 | 3 | 1,200 to 1,300 |
| Oct 2025 | $3,600 | 2 | 700 to 800 |
| Sep 2025 | $3,850 | 2 | 1,000 to 1,100 |
| Jun 2025 | $3,300 | 2 | 600 to 700 |
| May 2025 | $3,200 | 2 | 700 to 800 |
| Nov 2024 | $3,600 | 2 | 1,000 to 1,100 |
| Oct 2024 | $3,500 | 2 | 700 to 800 |