Home Buy All 2RM D26 - Mandai / Upper Thomson2 Bed Condo for Sale in The Essence

2 Bed Condo for Sale in The Essence

1 Chong Kuo Road 779830, Nee Soon, North Region, Singapore

$1,368,000

Added 4 months ago

CondoFor sale

Beds: 2Baths: 2Area: 1001 sqft

Good Deal· 10.3% below market

+5View all

Property Details

Property IDLBCEWphWjfJ2Kan2sDGKZb

PriceS$1,368,000

Property TypeCondo

StatusFor sale

Beds2

Baths2

Built Area1001 sqft

PSF

S$1,367

Year Built2023

Furnished StatusUnknown

Description

Development Information

District & Area

D26 - Yishun

Nearest MRT

Springleaf MRT

Tenure

99 years

TOP Date

1 January 2023

Project Size

Small (84 units)

84 units

Building Structure

1 Block, 5 Floors

Developer

Chong Kuo Development Pte. Ltd.

Unit Configuration

Bedroom Types2, 3 Bedroom

Floor Plan Details

The Essence has a total of 84 units, from 2 Bed - 1 Bath to 3 Bed - 3 Bath units. There are 28 types of floor plans from 538 sqft to 1,679 sqft.

Site Plan

The Essence has 1 block and up to 05 storeys.

Development Facilities

BBQGymLap PoolPavilionPool Deck

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Features & Amenities

Bbq

Gym

Lap pool

Pool deck

Pavilion

Location

1 Chong Kuo Road 779830, Nee Soon, North Region, Singapore

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Mortgage Calculation

Price

Tenure (yrs)20 yrs

410203035

Loan (%)75 %

1020406075

Interest (%)4 %

0.1123456

Mortgage calculation on 4% interest rate

S$ 0

Loan Amount (75%)

Downpayment (25%)

S$ 0

/month

Principal

S$ 0

Interest

S$ 0

Total Transactions

Average Price

S1.1M

Total Value

S8.7M

Sales Timeline

Home Report · AVM Fair Value

Automated Valuation based on 237 URA transactions · 1 outliers removed (IQR)

Fair Value

S$1.53M

S$1,524 psf

Asking Price

S$1.37M

S$1,367 psf

vs Market

-10.3%

Good Deal

vs Last Done

-42.1%

Good Deal

Tenure

Freehold

No lease decay

Confidence

High

237 comps

High = 10+ comps

Medium = 5–9 comps

Low = <5 comps

Nearest MRT

Khatib

2337m away

URA PSF Trendline vs Listing Price

Hedonic Adjustment Breakdown

Base URA PSF

237 comparable transactions

S$1,524

Floor Premium

0.5% per floor vs median

+0.0%

Tenure Decay

Bala's curve (99yr leasehold)

×1.000

MRT Proximity

Within 500m / 1km

AI Condition Premium

HELIOS scan of listing description

Adjusted Fair Value PSF

S$1,524

Recent Comparable Transactions

10 shown · 237 total

Date	Block / Street	Area	Price	PSF	Tenure
Last DoneJul 2025	SPRINGLEAF AVENUE Floor -	3,599sqft	S$8,500,000	▲S$2,361 +54.9% vs FV	Freehold
Jul 2025	SPRINGLEAF AVENUE Floor -	3,599sqft	S$8,500,000	▲S$2,361 +54.9% vs FV	Freehold
Jul 2025	SPRINGLEAF AVENUE Floor -	3,261sqft	S$3,300,000	▼S$1,012 -33.6% vs FV	Freehold
Jul 2025	MENG SUAN ROAD Floor -	1,935sqft	S$2,241,614	▼S$1,158 -24.0% vs FV	999 yrs lease commencing from 1884
Jul 2025	SPRINGSIDE AVENUE Floor -	2,439sqft	S$4,200,000	▲S$1,722 +13.0% vs FV	Freehold
Jul 2025	SPRINGSIDE AVENUE Floor -	2,508sqft	S$4,500,000	▲S$1,794 +17.7% vs FV	Freehold
Jul 2025	SPRINGSIDE AVENUE Floor -	1,713sqft	S$4,070,000	▲S$2,377 +56.0% vs FV	Freehold
Jul 2025	SPRINGSIDE AVENUE Floor -	1,882sqft	S$4,420,000	▲S$2,349 +54.1% vs FV	Freehold
Jun 2025	TRANSIT ROAD Floor 01-05	1,163sqft	S$1,350,000	▼S$1,161 -23.8% vs FV	99 yrs lease commencing from 2000
Jun 2025	SPRINGLEAF CRESCENT Floor -	3,520sqft	S$3,388,000	▼S$963 -36.8% vs FV	Freehold
Jun 2025	SPRINGLEAF AVENUE Floor -	3,229sqft	S$3,340,000	▼S$1,034 -32.2% vs FV	Freehold

Last Done

SPRINGLEAF AVENUE

Jul 2025 · Floor -

▲S$2,361 psf

+54.9% vs FV

3,599 sqftS$8,500,000Freehold

SPRINGLEAF AVENUE

Jul 2025 · Floor -

▲S$2,361 psf

+54.9% vs FV

3,599 sqftS$8,500,000Freehold

SPRINGLEAF AVENUE

Jul 2025 · Floor -

▼S$1,012 psf

-33.6% vs FV

3,261 sqftS$3,300,000Freehold

MENG SUAN ROAD

Jul 2025 · Floor -

▼S$1,158 psf

-24.0% vs FV

1,935 sqftS$2,241,614999 yrs lease commencing from 1884

SPRINGSIDE AVENUE

Jul 2025 · Floor -

▲S$1,722 psf

+13.0% vs FV

2,439 sqftS$4,200,000Freehold

SPRINGSIDE AVENUE

Jul 2025 · Floor -

▲S$1,794 psf

+17.7% vs FV

2,508 sqftS$4,500,000Freehold

SPRINGSIDE AVENUE

Jul 2025 · Floor -

▲S$2,377 psf

+56.0% vs FV

1,713 sqftS$4,070,000Freehold

SPRINGSIDE AVENUE

Jul 2025 · Floor -

▲S$2,349 psf

+54.1% vs FV

1,882 sqftS$4,420,000Freehold

TRANSIT ROAD

Jun 2025 · Floor 01-05

▼S$1,161 psf

-23.8% vs FV

1,163 sqftS$1,350,00099 yrs lease commencing from 2000

SPRINGLEAF CRESCENT

Jun 2025 · Floor -

▼S$963 psf

-36.8% vs FV

3,520 sqftS$3,388,000Freehold

SPRINGLEAF AVENUE

Jun 2025 · Floor -

▼S$1,034 psf

-32.2% vs FV

3,229 sqftS$3,340,000Freehold

Below Fair Value

Above Fair Value

FV: S$1,524 psf

HELIOS AI Analysis

Based on 237 URA transactions (1 outliers removed)

⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.

Calculating fair value from URA transaction data…

Ben Zhou

License: L3008022J

2 Bed Condo for Sale in The Essence

IMAGES GALLERY

Property Details

Description

District & Area

Nearest MRT

Tenure

TOP Date

Project Size

Building Structure

Loading Nearby Amenities...

Location

Mortgage Calculation

Mortgage calculation on 4% interest rate

Sales Timeline

Home Report · AVM Fair Value

Ben Zhou

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Home Report · AVM Fair Value