The Essence
The Essence is a 99-year lease (91 yrs left) apartment development in District 26 (Upper Thomson / Springleaf / Mandai). It has 18 recorded private transactions. Latest sale: $1,080,000 (Aug 2026, 65 sqm, floors 01-05). Median $1,496/sqft. Prices up 23% over the period. 91 years lease remaining.
Where The Essence ranks in District 26
All 18 projects ›Median psf over time
Estimate a unit at The Essence
Based on URA transactions for this development. Pick a floor band and unit size.
Projection blends market growth with Bala's Table lease decay. Past growth does not guarantee future performance. Not financial advice.
Lease decay
99-year leasehold. Under Bala's Table (SLA's leasehold relativity model), value decays faster as the lease shortens — currently about 0.16% a year.
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Aug 2026 | 01-05 | Resale | 65 sqm | $1,080,000 | $1,544 |
| Jun 2026 | 01-05 | Resale | 76 sqm | $1,208,000 | $1,477 |
| Jun 2026 | 01-05 | Resale | 58 sqm | $975,000 | $1,562 |
| May 2026 | 01-05 | Resale | 65 sqm | $1,008,888 | $1,442 |
| Apr 2026 | 01-05 | Resale | 50 sqm | $850,000 | $1,579 |
| Mar 2026 | 01-05 | Resale | 93 sqm | $1,250,000 | $1,249 |
| Jan 2026 | 01-05 | Resale | 93 sqm | $1,280,000 | $1,279 |
| Sep 2025 | 01-05 | Resale | 64 sqm | $1,070,000 | $1,553 |
| May 2025 | 01-05 | Sub Sale | 65 sqm | $1,180,000 | $1,687 |
| Jul 2024 | 01-05 | Sub Sale | 50 sqm | $838,000 | $1,557 |
| Jul 2024 | 01-05 | Sub Sale | 50 sqm | $815,000 | $1,514 |
| Apr 2024 | 01-05 | Sub Sale | 68 sqm | $1,045,000 | $1,428 |
| Jan 2024 | 01-05 | Sub Sale | 76 sqm | $1,340,000 | $1,638 |
| Nov 2023 | 01-05 | Sub Sale | 58 sqm | $1,100,000 | $1,762 |
| Nov 2023 | 01-05 | Sub Sale | 129 sqm | $1,720,000 | $1,239 |
| Jun 2023 | 01-05 | Sub Sale | 50 sqm | $700,000 | $1,301 |
| Sep 2021 | 01-05 | New Sale | 156 sqm | $1,810,000 | $1,078 |
| Sep 2021 | 01-05 | New Sale | 68 sqm | $1,008,000 | $1,377 |
Private condos and apartments closest to The Essence, with their median resale psf. Useful for comparing what The Essence costs per square foot against nearby developments.
About The Essence
The Essence in District 26 (Upper Thomson / Springleaf / Mandai) has been a strong performer, with median psf up roughly 23% over the period (about 4.3% a year). Its $1,496 psf median sits about 14% below the District 26 median, cheaper than about 67% of projects there. It has a relatively light transaction record, with 18 sales between 2021-09 and 2026-08, ranging from $700,000 to $1,810,000. The most recent transaction was a 65 sqm unit (floors 01-05) at $1,080,000 in Aug 2026, and the median is $1,496 psf. On Bala's Table (the SLA leasehold valuation model), the relativity ratio at 91 years remaining is 0.9563, an annual lease decay of about 0.16%. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at The Essence cost?
The most recent transaction at The Essence was $1,080,000 for a 65 sqm unit in 2026-08. The median price is $1,496 per square foot across 18 transactions, ranging from $700,000 to $1,810,000. Data sourced from URA.
Is The Essence freehold or leasehold?
The Essence is on a 99-year lease commencing in 2018, with approximately 91 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.16%.
What is the price per square foot (psf) at The Essence?
The median price at The Essence is $1,496 psf, with transactions ranging from $1,078 to $1,762 psf. This is based on 18 URA-recorded transactions in District 26.
Have prices at The Essence gone up or down?
Prices at The Essence have increased by approximately 23% over the data period (around 4.3% a year). The median price is currently $1,496 psf, with the most recent sale at $1,080,000 in 2026-08.