The Essence
REALSCOREⓘ
Profitability rank across Singapore
2.2
User Score
User ratings for this property
N.A.
Annual Returns
Avg annualized profit (past 1y)
1.8%
The Essence offers a serene, nature-centric retreat in the North that keeps you within a seven-minute walk of Springleaf MRT station 🚆.
Good to know: Completed in 2023, this boutique development features only 84 units across a low-rise five-storey layout 🌳; Located along Chong Kuo Road, the property is a quick commute away from the lush trails of Springleaf Nature Park 🍃.
Practical note: While the low-density surroundings provide a peaceful atmosphere, residents may find that daily amenities and primary schools require a short drive or bus ride 🚌.
< 1km
MRT Station
< 10y
Property Age
> 1K
MOPs in Town
Mega
Development
Near
$1M+ HDB
100%
Profitable
Top 20
Schools
50+
Deals Past Yr
Project Facts
Street
Chong Kuo Road
Developer
Chong Kuo Development Pte Ltd
Property Type
Apartment
Completion
2023
Total Units
84
Plot Ratio
1.4
Unit Size
538 - 1,679 sqft
Tenure
99 yrs from 04/05/2018
Lease Remaining
91 yrs
Postal Sector
77
GLS Site
Land Use
Residential (Non-Landed)
Development Type
Residential
Site Area
4282.90
Plot Ratio
1.40
Permissible GFA
5997.00
GLS Launch
31-10-2017
Tender Closed
30-01-2018
Awarded
07-02-2018
Awarded To
Lian Soon Holdings Pte. Ltd. and OKP Land Pte Ltd
Bids
8
Winning Tender
43948000.00
Land Rate (GFA)
7328.33
Land Rate (ppr)
680.82
Max GFA (Est.)
5997.00
Estimated Units
80
Nearby Stations
- SpringleafTE4
Transaction
7%
Sold At Launch
54%
HDB Buyers
$107.9M+
Total Transacted
02-03-2019
First Transacted
04-06-2026
Last Transacted
98
Total Transactions
Transaction Volume
New SaleSub SaleResale
92.9%
% Profitable
13
Profitable
1
Unprofitable
0
> 6% Annualized
4.9 yrs
Avg Holding
$1.5M
Total Profits
Annualized Profit %
Unit Distribution
| Type | Units | % | Size |
|---|---|---|---|
| 1 BR + Study | 12 | 14.30% | 538 - 689 sqft |
| 2 BR | 12 | 14.30% | 624 - 786 sqft |
| 2 BR Premium | 40 | 47.60% | 700 - 1,001 sqft |
| 3 BR | 10 | 11.90% | 1,044 - 1,389 sqft |
| 3 BR Premium | 10 | 11.90% | 1,227 - 1,679 sqft |
Profitability by Block
| Block | Postal Code | Profitable % | Annualized Profit % |
|---|---|---|---|
| 1 | 779830 | 92.9% | 2.0% |
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