The Essence

The Essence is a 99-year private residential project located along Chong Kuo Road, in district 26. District 26 is considered to be in the Outside Central Region (OCR) of Singapore. The Essence comprises apartment units. From our data, there are 2 blocks in this project.

# of Blocks	2 (view)
District	26 - Outside Central Region (OCR)
Address	Chong Kuo Road

Property Type	Area (SQM)	Area (SQFT)	Type of Sale	Avg. Price (PSF)	Avg. Sale Price
Apartment	50	538	New Sale	$1,441	$775,329
Apartment	50	538	Sub Sale	$1,457	$784,333
Apartment	54	581	New Sale	$1,367	$794,445
Apartment	58	624	New Sale	$1,419	$886,000
Apartment	58	624	Sub Sale	$1,762	$1,100,000
Apartment	64	689	New Sale	$1,334	$918,972
Apartment	65	700	New Sale	$1,434	$1,003,509
Apartment	68	732	New Sale	$1,386	$1,014,667
Apartment	68	732	Sub Sale	$1,428	$1,045,000
Apartment	70	753	New Sale	$1,251	$942,800
Apartment	73	786	New Sale	$1,233	$969,100
Apartment	76	818	Sub Sale	$1,638	$1,340,000
Apartment	83	893	New Sale	$1,215	$1,085,900
Apartment	84	904	New Sale	$1,224	$1,106,800
Apartment	93	1001	New Sale	$1,136	$1,136,944
Apartment	97	1044	New Sale	$1,336	$1,394,393
Apartment	100	1076	New Sale	$1,332	$1,433,900
Apartment	114	1227	New Sale	$1,317	$1,615,900
Apartment	117	1259	New Sale	$1,305	$1,643,710
Apartment	129	1389	New Sale	$1,123	$1,558,700
Apartment	129	1389	Sub Sale	$1,239	$1,720,000
Apartment	156	1679	New Sale	$1,078	$1,810,000

The Essence

Sales volume trend

Sales summary

Type	Sales trend
Apartment

New Sale	Sub Sale	Resale
-	7	-

The graph below shows the average monthly transacted sale price for each of the apartment units for The Essence in the last 3 years. This is based on the transactional data collated for The Essence for the selected period.

Apartment price : Trending down

The Essence Price Trend

Average Sale Price

Average Price PSF

There were a total of 7 sales transactions for The Essence in the last 3 years, with the latest one recorded in Jul 2024. Disclaimer : our transactions data below does not include block numbers as the data is not available. If you would like to see a list of blocks / addresses associated with The Essence, please click here.

Date	Sale	PSF	Type	Location	Floor	Fl. Area	Tenure	Lease
Jul 2024	$838,000 (Sub Sale)	$1,557	Apartment	The Essence Chong Kuo Road (District 26)	01-05	538 sqft	99 years	2018
Jul 2024	$815,000 (Sub Sale)	$1,514	Apartment	The Essence Chong Kuo Road (District 26)	01-05	538 sqft	99 years	2018
Apr 2024	$1,045,000 (Sub Sale)	$1,428	Apartment	The Essence Chong Kuo Road (District 26)	01-05	732 sqft	99 years	2018
Jan 2024	$1,340,000 (Sub Sale)	$1,638	Apartment	The Essence Chong Kuo Road (District 26)	01-05	818 sqft	99 years	2018
Nov 2023	$1,100,000 (Sub Sale)	$1,762	Apartment	The Essence Chong Kuo Road (District 26)	01-05	624 sqft	99 years	2018
Nov 2023	$1,720,000 (Sub Sale)	$1,239	Apartment	The Essence Chong Kuo Road (District 26)	01-05	1389 sqft	99 years	2018
Jun 2023	$700,000 (Sub Sale)	$1,301	Apartment	The Essence Chong Kuo Road (District 26)	01-05	538 sqft	99 years	2018

The Essence comprises apartment units.

Apartment rental : Trending down

Rental transactions trend for The Essence

The graph below shows the average monthly transacted rental price for each of the apartment units for The Essence in the last 3 years. This is based on the transactional data collated for The Essence for the selected period.

Apartment rental price : Trending down

Average rental price trend for The Essence

Date	Rental	Type	Location	Bedrooms	Fl. Area
Nov 2024	$3,600	Apartment	The Essence Chong Kuo Road (District 26)	2	1000-1100 sqft
Oct 2024	$3,500	Apartment	The Essence Chong Kuo Road (District 26)	2	700-800 sqft
Aug 2024	$3,400	Apartment	The Essence Chong Kuo Road (District 26)	2	600-700 sqft
Jul 2024	$3,650	Apartment	The Essence Chong Kuo Road (District 26)	2	1000-1100 sqft
Jun 2024	$3,800	Apartment	The Essence Chong Kuo Road (District 26)	2	1000-1100 sqft
May 2024	$3,800	Apartment	The Essence Chong Kuo Road (District 26)	2	1000-1100 sqft
Feb 2024	$4,000	Apartment	The Essence Chong Kuo Road (District 26)	-	800-900 sqft
Jan 2024	$3,800	Apartment	The Essence Chong Kuo Road (District 26)	-	1000-1100 sqft
Oct 2023	$3,600	Apartment	The Essence Chong Kuo Road (District 26)	-	700-800 sqft
Sep 2023	$4,000	Apartment	The Essence Chong Kuo Road (District 26)	-	1000-1100 sqft
Sep 2023	$3,800	Apartment	The Essence Chong Kuo Road (District 26)	-	600-700 sqft

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Compare sales, rental and their respective PSF price trends of The Essence and other nearby private property projects within 2km.

Comparison of Sales & PSF

Sales Comparison

Average PSF Comparison

Comparison of Rental & PSF

Rental Transactions Comparison

Average Rental PSF Comparison

Project	Tenure	Distance	Lowest (S$PSF)	Average (S$PSF)	Highest (S$PSF)	Lowest Rent (S$PSF/m)	Average Rent (S$PSF/m)	Highest Rent (S$PSF/m)
The Essence	99 years	-	$1,239	$1,491	$1,762	$3.27	$4.02	$5.43
Hong Heng Terrace	Freehold	0.05km	$1,993	$1,993	$1,993	$1.60	$1.70	$1.80
Hong Heng Garden	Freehold	0.07km	$856	$856	$856	$1.14	$1.61	$2.08
Hong Heng Mansions	Freehold	0.15km	$1,066	$1,066	$1,066	$1.79	$2.45	$3.23
Forest Hills Condominium	99 years	0.17km	$809	$978	$1,116	$2.50	$3.23	$4.00