THE ESSENCE
UrbanLens Analysis
THE ESSENCE commands $1,534 PSF -- 8% below what District 26 typically fetches ($1,667 PSF). Springleaf MRT is 658m away (8-min walk), functional but not a headline selling point. Against LYNDENWOODS at $2,464 PSF, the 38% discount is worth examining closely.
The +4.4% two-year price movement is negligible -- neither bullish nor bearish. 6 transactions over two years is modest; the trend is directional, not definitive. For context, HILLOCK GREEN has gained 5.1% over the same period.
Roughly 91 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At 84 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SPRINGLEAF RESIDENCE | $2,169 | — | 0.0% |
| LENTOR MANSION | $2,262 | — | 0.0% |
| LENTOR CENTRAL RESIDENCES | $2,214 | — | 0.0% |
| LYNDENWOODS | $2,464 | — | 0.0% |
| HILLOCK GREEN | $2,226 | — | +5.1% |
PSF Trend
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