DEVONSHIRE RESIDENCES is a freehold development along DEVONSHIRE ROAD in District 9 (Orchard / River Valley), part of the CCR segment of Singapore's private residential market. The project comprises 84 units and is TOP 2014.
This profile draws on 16 recorded transactions from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
At roughly 12 years from TOP, DEVONSHIRE RESIDENCES is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 9 (Orchard / River Valley), the immediate context for DEVONSHIRE RESIDENCES is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 16 sales and 310 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the DEVONSHIRE RESIDENCES dashboard.
- Average sale price: $1,195,049 across 16 transactions
- Estimated gross rental yield: 3.4%
- District 9 PSF ranking: Mid-range (top 55%)
- Freehold tenure · CCR · D9 · 84 units
About DEVONSHIRE RESIDENCES
DEVONSHIRE RESIDENCES is a freehold condominium, located at DEVONSHIRE ROAD in District 9 (Orchard, Cairnhill, River Valley) (Core Central Region), developed by ORCHARD SUITES RESIDENCE PTE LTD, comprising 84 residential units, completed in 2014.
As a freehold property, DEVONSHIRE RESIDENCES does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at DEVONSHIRE RESIDENCES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 8 | $2,192 psf | $1,085,500 |
| 1 BR | 4 | $2,219 psf | $1,122,500 |
| 2 BR | 4 | $1,747 psf | $1,486,694 |
Sales Market Overview
DEVONSHIRE RESIDENCES has recorded 16 sale transactions with an average transaction price of $1,195,049, ranging from $1,000,000 to $1,550,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $2,181 psf | $1,080,000 | — |
| 2023 | 4 | $2,089 psf | $1,189,194 | ↓ 4.2% |
| 2024 | 5 | $2,113 psf | $1,172,000 | ↑ 1.1% |
| 2025 | 4 | $2,019 psf | $1,333,750 | ↓ 4.4% |
| 2026 | 2 | $2,110 psf | $1,044,500 | ↑ 4.5% |
DEVONSHIRE RESIDENCES ranks in the top 55% of condos in District 9 by average PSF.
Compared to the CCR average of $2,447 psf, DEVONSHIRE RESIDENCES trades 14.7% below the segment benchmark.
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Rental Market Overview
DEVONSHIRE RESIDENCES has recorded 310 rental transactions with monthly rents averaging $3,395/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 310 | $3,395/mo | $930/mo | $5,778/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 69 | $2,775/mo |
| 2022 | 72 | $3,422/mo |
| 2023 | 42 | $3,985/mo |
| 2024 | 52 | $3,525/mo |
| 2025 | 54 | $3,513/mo |
| 2026 | 21 | $3,538/mo |
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Investment Analysis
Based on average rents and sale prices, DEVONSHIRE RESIDENCES delivers an estimated gross rental yield of 3.4%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 9
Side-by-side comparison against the most actively traded condos in District 9 (Orchard, Cairnhill, River Valley):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| IRWELL HILL RESIDENCES | 99 yrs lease commencing from 2020 | 540 | $2,730 psf | 582 |
| RIVER GREEN | 99 yrs lease commencing from 2024 | 524 | $3,138 psf | 491 |
| RIVER MODERN | 99 years leasehold | — | $3,239 psf | 421 |
| THE AVENIR | Freehold | 376 | $3,190 psf | 322 |
| KOPAR AT NEWTON | 99 yrs lease commencing from 2019 | 378 | $2,513 psf | 253 |
Location Map
Map shows DEVONSHIRE RESIDENCES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- DEVONSHIRE RESIDENCES
- Somerset MRT
- Great World MRT
- Orchard Boulevard MRT
- Orchard MRT
- Orchard MRT
- Kheng Cheng School
- Fairfield Methodist School (Primary)
- ACS (Junior)
Nearby MRT Stations
DEVONSHIRE RESIDENCES is 250m from Somerset MRT (North-South Line), with 12 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Somerset | NS23 | North-South Line | 250m |
| Great World | TE15 | Thomson-East Coast Line | 530m |
| Orchard Boulevard | TE13 | Thomson-East Coast Line | 850m |
| Orchard | NS22 | North-South Line | 870m |
| Orchard | TE14 | Thomson-East Coast Line | 870m |
| Dhoby Ghaut | NS24 | North-South Line | 910m |
| Dhoby Ghaut | NE6 | North-East Line | 910m |
| Dhoby Ghaut | CC1 | Circle Line | 910m |
Nearby Schools
There are 19 schools within 2 km of DEVONSHIRE RESIDENCES, including 3 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Kheng Cheng School | Primary | 540m |
| Fairfield Methodist School (Primary) | Primary | 620m |
| ACS (Junior) | Primary | 840m |
| St. Anthony's Primary School | Primary | 1.2 km |
| Singapore Management University | Tertiary | 1.4 km |
| Chatsworth International School (Orchard) | International | 1.5 km |
| Gan Eng Seng School | Secondary | 1.6 km |
| Gan Eng Seng Primary School | Primary | 1.6 km |
| ISS International School (Paterson) | International | 1.7 km |
| ISS International School (Preston) | International | 1.7 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.7 km |
| Outram Secondary School | Secondary | 1.7 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Genuine walk-to-MRT access. Somerset sits about 0.25km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Boutique character. With 84 units, DEVONSHIRE RESIDENCES keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. Kheng Cheng School sits about 0.54km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 16 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: DEVONSHIRE RESIDENCES hits the three structural levers that anchor long-term Singapore residential value: a prime district position, walkable MRT, and a long balance lease. Premium pricing is the trade-off; buyers paying that premium are buying scarcity rather than yield. 16 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 8-15 years to absorb full cycle and capture the prime-district capital-appreciation thesis. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for DEVONSHIRE RESIDENCES?
What is the rental yield for DEVONSHIRE RESIDENCES?
Is DEVONSHIRE RESIDENCES freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 16 transactions analysed
- Rental data: 310 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for DEVONSHIRE RESIDENCES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 1,930 condo transactions recorded in District 9 over the last 12 months, 62% new sale, 37% resale, 1% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 9 reads 102.6 as of June 2026 — up 1.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
2 active Government Land Sales sites in District 9 could add roughly 640 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Zion Road (Parcel A) | — | ~440 | Confirmed | Awarded |
| Zion Road (Parcel B) | — | ~200 | Confirmed | Awarded |
HDB Alternatives Nearby
Weighing DEVONSHIRE RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Merah — 4-room average $894,787 (1.1 km away), an upgrader gap of about $300,000
- Central Area — 4-room average $1,088,814 (1.2 km away), an upgrader gap of about $100,000