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apartment · 779830

The Essence

Project page · 99-year lease from 2018

Indicative value range
S$1,014,956 – S$1,076,163
Indicative mid S$1,048,906 · S$1,499 psf

Based on 6 sales in this project, last 6 months. Search did not need to widen. See the comparable sales.

No storey entered, so sales were not adjusted for height

Comparable sales

Each price per area is scaled to Q2 2026 by the published index for the quarter it sold in.

SoldWhereFloorSizePricePer sqftIndex ×Adjusted
Sept 2026The Essence01-05624 sqftS$950,000S$1,522 psf×1.000S$1,522 psf
Sept 2026The Essence01-05538 sqftS$770,000S$1,431 psf×1.000S$1,431 psf
Aug 2026The Essence01-05700 sqftS$1,080,000S$1,544 psf×1.000S$1,544 psf
Jun 2026The Essence01-05624 sqftS$975,000S$1,562 psf×1.000S$1,562 psf
Jun 2026The Essence01-05818 sqftS$1,208,000S$1,477 psf×1.000S$1,477 psf
May 2026The Essence01-05700 sqftS$1,008,888S$1,442 psf×1.000S$1,442 psf

How accurate is this estimate for The Essence?

We re-ran the estimate as of Q4 2025 on what was known at the time, then compared it with the 3 sales in The Essence since.

Median error
1.9%

Half the estimates came closer than this to what the home actually fetched, half missed by more.

A thin test: 3 sales, so read the figure as a hint, not a verdict.

What the rent says

What this home earns against what it costs, set beside what homes like it earn.

4.09% gross yield

S$42,900 of rent a year against the estimate above · 0.7 points above flats like it

Leases signed here within a quarter of this size run about S$3,575 a month, the middle of 8 of them.

In outside the central region, leasehold flats with 90 to 99 years of lease left yield 3.39%, from 20 projects.

A yield above the mark means the flat rents well for what it costs, which can point to a keen rental patch or a price the sales alone have not caught up with. Below it, buyers are paying for something a tenant will not, such as the address itself.

Recent leases signed here

SignedSizeBedsTypeRent a month
Q3 2026800-900 sqft2Non-landed PropertiesS$4,000
Q3 2026800-900 sqft2Non-landed PropertiesS$4,000
Q3 2026600-700 sqft2Non-landed PropertiesS$3,550
Q3 2026600-700 sqft2Non-landed PropertiesS$3,550
Q2 2026700-800 sqft2Non-landed PropertiesS$3,100
Q1 20261000-1100 sqft2Non-landed PropertiesS$3,800
Q4 20251200-1300 sqft3Non-landed PropertiesS$4,700
Q4 20251200-1300 sqft3Non-landed PropertiesS$4,700

median of 8 URA rental contracts at The Essence within a quarter of 65 sqm, since 2025Q4.

Buying or selling at S$1,048,906?

Buying: Stamp duty on S$1,048,906 · Cash and CPF needed on S$1,048,906 · How much can I borrow · Monthly repayment on a 75% loan · Property tax on this rent.

Selling: Net proceeds from selling on S$1,048,906.

Each opens with this figure filled in; change anything there.

Past transactions

Recorded sales
DateDetailAreaPricePer area
Sept 2026
The Essence · 01-05 · Apartment · 90 years left
538 sqftS$770,000S$1,431 psf
Sept 2026
The Essence · 01-05 · Apartment · 90 years left
624 sqftS$950,000S$1,522 psf
Aug 2026
The Essence · 01-05 · Apartment · 90 years left
700 sqftS$1,080,000S$1,544 psf
Jun 2026
The Essence · 01-05 · Apartment · 91 years left
624 sqftS$975,000S$1,562 psf
Jun 2026
The Essence · 01-05 · Apartment · 91 years left
818 sqftS$1,208,000S$1,477 psf
May 2026
The Essence · 01-05 · Apartment · 91 years left
700 sqftS$1,008,888S$1,442 psf
Apr 2026
The Essence · 01-05 · Apartment · 91 years left
538 sqftS$850,000S$1,579 psf
Mar 2026
The Essence · 01-05 · Apartment · 91 years left
1,001 sqftS$1,250,000S$1,249 psf
Jan 2026
The Essence · 01-05 · Apartment · 91 years left
1,001 sqftS$1,280,000S$1,279 psf
Sept 2025
The Essence · 01-05 · Apartment · 91 years left
689 sqftS$1,070,000S$1,553 psf
May 2025
The Essence · 01-05 · Apartment · 92 years leftsub-sale
excluded: subsale
700 sqftS$1,180,000S$1,687 psf
Jul 2024
The Essence · 01-05 · Apartment · 93 years leftsub-sale
excluded: subsale
538 sqftS$815,000S$1,514 psf
Jul 2024
The Essence · 01-05 · Apartment · 93 years leftsub-sale
excluded: subsale
538 sqftS$838,000S$1,557 psf
Apr 2024
The Essence · 01-05 · Apartment · 93 years leftsub-sale
excluded: subsale
732 sqftS$1,045,000S$1,428 psf
Jan 2024
The Essence · 01-05 · Apartment · 93 years leftsub-sale
excluded: subsale
818 sqftS$1,340,000S$1,638 psf
Nov 2023
The Essence · 01-05 · Apartment · 93 years leftsub-sale
excluded: subsale
1,389 sqftS$1,720,000S$1,239 psf
Nov 2023
The Essence · 01-05 · Apartment · 93 years leftsub-sale
excluded: subsale
624 sqftS$1,100,000S$1,762 psf
Jun 2023
The Essence · 01-05 · Apartment · 94 years leftsub-sale
excluded: subsale
538 sqftS$700,000S$1,301 psf
See more

Showing 18 of 19.

Sale prices as filed in caveats.

Where the lease takes this

About 90 years of the 99-year lease remain. Every figure below lets the lease run down on the decay measured from private resales in this market, then applies the price path in that column. The paths are scenarios to choose between, not forecasts.

From nowLease leftPrices flatPrices 2% a yearPrices 4% a yearThis market's record, 4.58% a yearmeasured
5 years85 yearsS$959,768S$1,059,662S$1,167,705S$1,200,631
10 years80 yearsS$891,391S$1,086,601S$1,319,476S$1,394,937
20 years70 yearsS$775,627S$1,152,542S$1,699,495S$1,899,441

On a flat market the lease alone costs 26% over 20 years. Prices would need to rise about 1.52% a year to cancel that out.

The measured column repeats what this market did between Q1 2015 and Q2 2026, which was 4.58% a year. Past growth is not a promise of future growth.

Horizons we have not measured are left out rather than guessed at, so a short lease shows fewer rows.

Indicative estimate from comparable caveats. Not a formal valuation.