The Essence
Located in District 26 (Upper Thomson, Springleaf), The Essence is a 99-year leasehold condominium in the Outside Central Region (OCR). The development was completed in 2021 and comprises 84 units, on a lease that commenced in 2018. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
THE ESSENCE
Over the 12 months to Jun 2026, The Essence recorded 7 resale transactions at a median $1,477 psf (median price $1,070,000), and 6 rental contracts at a median $3,700/mo, a gross rental yield of 4.1%. Source: URA caveat data, as of Jun 2026.
The Essence's median of $1,477 psf over the trailing 12 months places its pricing below roughly 66% of District 26 condos; resale liquidity has been moderate with 7 caveats lodged; the 4.1% gross rental yield sits above the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Jun-26 | $1,208,000 | $1,477 psf | 818 sqft | 01 to 05 | 2BR |
| Jun-26 | $975,000 | $1,562 psf | 624 sqft | 01 to 05 | 1BR |
| May-26 | $1,008,888 | $1,442 psf | 700 sqft | 01 to 05 | 1BR |
| Apr-26 | $850,000 | $1,579 psf | 538 sqft | 01 to 05 | 1BR |
| Mar-26 | $1,250,000 | $1,249 psf | 1,001 sqft | 01 to 05 | 3BR |
| Jan-26 | $1,280,000 | $1,279 psf | 1,001 sqft | 01 to 05 | 3BR |
| Sep-25 | $1,070,000 | $1,553 psf | 689 sqft | 01 to 05 | 1BR |
| May-25 | $1,180,000 | $1,687 psf | 700 sqft | 01 to 05 | 1BR |
Can I afford The Essence?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $1,070,000.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.