The Essence
The Essence is a 99-year lease (91 yrs left) apartment development in District 26 (Upper Thomson / Springleaf / Mandai). It has 17 recorded private transactions. Latest sale: $975,000 (Jun 2026, 58 sqm, floors 01-05). Median $1,442/sqft. Prices up 39% 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 |
|---|---|---|---|---|---|
| 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 |
| Aug 2021 | 01-05 | New Sale | 156 sqm | $1,810,000 | $1,078 |
About The Essence
The Essence is a 99-year leasehold development with its lease commencing in 2018 and about 91 years remaining in District 26 (Upper Thomson / Springleaf / Mandai), within the Outside Central Region of Singapore. It has a thinner transaction history, with 17 recorded apartment transactions between 2021-08 and 2026-06, ranging from $700,000 to $1,810,000. The most recent transaction was a 58 sqm unit (floors 01-05) sold for $975,000 in 2026-06, and the median price is $1,442 per square foot. Prices here have risen sharply, by about 39% over the period (around 7% a year). Under Bala's Table (the Singapore Land Authority leasehold valuation model), the leasehold 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 $975,000 for a 58 sqm unit in 2026-06. The median price is $1,442 per square foot across 17 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 $1,442 psf, with transactions ranging from $1,078 to $1,762 psf. This is based on 17 URA-recorded transactions in District 26.
Have prices at The Essence gone up or down?
Prices at The Essence have increased by approximately 39% over the data period (around 7% a year). The median price is currently $1,442 psf, with the most recent sale at $975,000 in 2026-06.