DEVONSHIRE RESIDENCES
UrbanLens Analysis
At $2,040 PSF, DEVONSHIRE RESIDENCES prices 8% below the District 09 median. Compare that to THE ROBERTSON OPUS at $3,359 PSF -- a 39% premium that buyers need to justify. Being 3 minutes on foot from Somerset MRT (254m) adds genuine convenience and supports the pricing.
The 7.9% slide over two years points to softening demand. Value hunters may see opportunity; others should wait for signs of stabilization. 8 transactions over two years is modest; the trend is directional, not definitive. For context, SOPHIA HILLS has gained 3.6% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. At 4.6% gross yield versus the CCR average of 3.0%, rental returns are above-market. The $5,628/month median rent makes this genuinely compelling for income investors.
The 84-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| RIVER GREEN | $3,125 | — | 0.0% |
| THE ROBERTSON OPUS | $3,359 | — | 0.0% |
| THE COLLECTIVE AT ONE SOPHIA | $2,767 | — | 0.0% |
| SOPHIA HILLS | $2,128 | 3.9% | +3.6% |
| HILL HOUSE | $3,081 | — | +1.3% |
PSF Trend
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