Name: The Essence
Brand: Chong Kuo Development Pte Ltd
Price: 748460 SGD
Availability: SoldOut

Question 1

Where is The Essence located?

Accepted Answer

The Essence is located, at 1 Chong Kuo Rd, The Essence, Singapore 779830, in District 26 (Mandai / Upper Thomson) of Singapore.

Question 2

Is The Essence leasehold or freehold?

Accepted Answer

The Essence is a 99-year leasehold development. Under Singapore's leasehold system, the land reverts to the State at the end of the lease term.

Question 3

When does The Essence TOP (Temporary Occupation Permit)?

Accepted Answer

The Essence is sold out. TOP details are confirmed in the project's original sales materials.

Question 4

Who is the developer of The Essence?

Accepted Answer

The Essence is developed by Chong Kuo Development Pte Ltd, the appointed Singapore developer responsible for the project's design, construction, and sales.

Question 5

How many units are there at The Essence?

Accepted Answer

The Essence comprises 84 residential units across the development.

Question 6

What's the price range at The Essence?

Accepted Answer

Indicative prices at The Essence start from S$748K and range up to S$862K. Final prices are confirmed at booking and vary by unit type, floor, and view; contact us via the enquiry form for the latest unit-by-unit price list.

Question 7

What's the showflat location for The Essence?

Accepted Answer

The showflat for The Essence is reserved for registered viewers. Sign up via the enquiry form on this page and we'll send you the Google Maps location, viewing times, and direct contact for VIP showflat access. Walk-ins without an appointment are typically not permitted.

Question 8

Can I compare The Essence with other Singapore developments?

Accepted Answer

Yes. Tap the Compare Property button on this page to place The Essence side-by-side with up to three other developments. The comparison covers price, unit sizes, tenure, developer, and TOP.

Question 9

Are there developer discounts available at The Essence?

Accepted Answer

Developer-issued discounts at The Essence change with each phase of release. Speak with our licensed agent via the enquiry form on this page for the latest discount structure, early-bird pricing, and any stamp duty subsidies on offer.

Question 10

Can I negotiate directly with the developer of The Essence?

Accepted Answer

All new launch transactions in Singapore are routed through CEA-licensed salespersons. AI Property represents buyers in negotiation with the developer of The Essence. To engage us, email hello@aiproperty.sg with your NRIC (front and back), contact number, email address, and the unit number you're interested in.

Question 11

How do I register for a VIP viewing of The Essence?

Accepted Answer

Submit your contact details via the registration form on this page and our agent will arrange a personalised VIP viewing of The Essence. VIP viewings cover the showflat, available units, floor plans, and developer pricing not yet public.

Question 12

Do you have floor plans and project information for The Essence?

Accepted Answer

Available floor plans, schematics, unit mix breakdowns, and the project factsheet for The Essence are published on this page as soon as they're released by the developer. Sign up for project updates and you'll be notified the moment new materials go live.

Question 13

What's the down payment for The Essence?

Accepted Answer

For Singapore citizens and PRs buying a private residential property like The Essence, the standard minimum down payment under the 75% loan-to-value (LTV) limit is 25% of the purchase price. The first 5% is paid in cash at booking when the developer issues the Option to Purchase (OTP). The remaining 20% is payable when the OTP is exercised, sourced from cash and/or CPF Ordinary Account. Foreigners follow the same 25% down payment structure but cannot use CPF. Speak to our licensed agent for an individual TDSR calculation.

Question 14

What's the Additional Buyer's Stamp Duty (ABSD) on The Essence?

Accepted Answer

ABSD on a private residential purchase in Singapore including The Essence is 0% for a Singapore citizen's first property, 20% for a citizen's second, and 30% for a third or more. PRs pay 5% on their first property and 30% on their second. Foreigners pay 60% on any property. ABSD remission is available for couples where one spouse is a Singapore citizen, subject to conditions including selling existing properties within 6 months. Final rates are set by IRAS at the time of purchase.

Question 15

What's the Buyer's Stamp Duty (BSD) on The Essence?

Accepted Answer

BSD on The Essence is calculated on a tiered sliding scale set by IRAS: 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000, 4% on the next S$500,000, 5% on the next S$1.5M, and 6% on the amount above S$3M. BSD is payable to IRAS within 14 days of signing the purchase contract. Any Additional Buyer's Stamp Duty (ABSD) is on top of BSD, not instead of it.

Question 16

How does the booking and OTP process work at The Essence?

Accepted Answer

To book a unit at The Essence: (1) Register your interest via the enquiry form on this page. (2) Our agent sends the latest price list, floor plans, and unit availability. (3) Confirm your selection and submit the 5% Option Fee (cheque or PayNow). (4) The developer issues the Option to Purchase (OTP), with the Sale & Purchase Agreement typically delivered within 14 days. (5) Exercise the OTP within roughly 3 weeks of receiving the S&PA by paying the remaining 20% (balance of the 25% down payment) and signing the agreement. The full process from booking to S&PA signing usually takes 3 to 6 weeks.

Question 17

What are the typical maintenance fees at The Essence?

Accepted Answer

Monthly maintenance fees at The Essence are payable to the Management Corporation Strata Title (MCST) once the development is completed. Across Singapore, mass-market new launches typically fall between S$300 and S$800 per month for a 3-bedroom unit, while luxury developments with extensive facilities (concierge, multiple pools, sky lounges) frequently exceed S$1,500 per month. Exact fees depend on unit share value, development size, and facility scope. The first year's contribution is usually paid in advance at completion. Our agent provides the exact MCST budget for The Essence once the developer publishes it.

Question 18

Can I use CPF and a bank loan to buy The Essence?

Accepted Answer

Yes. For The Essence, eligible Singapore citizens and PRs can fund the purchase with a combination of cash, CPF Ordinary Account (OA) funds, and a bank loan, subject to the Total Debt Servicing Ratio (TDSR) cap of 55% of gross monthly income. The standard split is 5% cash + 20% CPF or cash for the down payment, with the remaining 75% via a bank loan. MAS allows a maximum private-property loan tenure of 35 years, but tenures over 30 years (or that extend past age 65) face reduced LTV limits. Foreigners cannot use CPF and must rely on cash plus a bank loan.

Question 19

How is buying The Essence different from buying a resale condo?

Accepted Answer

Buying The Essence as a new launch differs from a resale condo purchase in three main ways. First, payment is progressive: instead of paying the full price upfront, payments are staged (5%, 20%, then construction-milestone instalments). Second, new launches ship with the developer's full fittings, warranty, and current building specifications. Third, while Buyer's Stamp Duty and ABSD apply identically to both, new launches give early-bird buyers access to preferred units, floors, and views at the official launch price. Resale condos move faster (immediate possession) but lack the construction-period payment flexibility.

Tenure	99-year leasehold
District	D26 (Mandai / Upper Thomson)
Developer	Chong Kuo Development Pte Ltd
Property type	Condo
Total units	84
Nearby MRT	Lentor, Upper Thomson, Springleaf
Status	Sold Out
Indicative price	S$748K to S$862K

The Essence

🏡 The Essence – Boutique Condominium in District 26

📍 Location & Accessibility

🏗️ Development Details

🏊 Facilities & Amenities

🛍️ Nearby Amenities

🌟 Unique Selling Points

Factsheet

Available Units & Price

Site Plan

Schematic Diagram

Location

Schools Nearby

✅ 1. Preschools / Kindergartens Nearby

✅ 2. Primary Schools (Within 1–3 km Radius)

✅ 3. Secondary Schools (Nearby)

✅ 4. Tertiary Institutions

✅ 5. International Schools Nearby

✅ 6. Enrichment & Learning Centres

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