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ONE DEVONSHIRE

Devonshire Road · D9 River Valley
CondominiumFreehold
$2,898 psf
median $psf
$6.72
median rent · psf/mo
~2.8%
gross rental yield
35
highest floor
152
total units
2011
TOP / completion
Median $psf excludes ground & top-floor units · basis: last 12 months. Median rent from 57 URA rental contracts (last 12 mo).
39
/ 100
HomeVestor Investor Score
Best for: Capital growth
Watch out for: Priced above nearby projects, Deep negative cashflow
Data confidence: Medium · overall risk: Moderate
Yield31
Cashflow0
Liquidity41
Growth87
Value22
Family52
How is this worked out? — this project’s 6 sub-scores, from its own data
Each sub-score is 0–100 (higher = better), built from this project’s actual figures — here are the exact drivers behind each one.
Value vs fair · 22
Trades ~7% above fair value ($2,943 vs $2,759 modelled) → 22
Capital growth · 87
Nearest growth node: CBD Rejuvenation (Shenton / Anson) — ~2.4 km away (under construction) → 81 · Nearest MRT ~386 m (Somerset) → 81 · Recent price momentum +15% (last 6 mo vs prior year) → 100  =  average
Rental yield · 31
Gross rental yield 2.8% on a 2.0–4.5% band → 31
Cashflow · 0
Est. net $-3352/mo at 75% LTV, floating rate, rented out → 0
Exit liquidity · 41
152 units → 10 · 5 sales in 12 mo → 13 · 57 rental contracts → 100  =  average
Family demand · 52
1 primary school(s) within 1 km → 52
Overall · 39
The average of the 6 sub-scores above.
Risk flags
Priced above nearby projects — ~29% above the median $psf of 307 projects within ~2.0 km · Deep negative cashflow — ~$3352/mo top-up at 75% LTV
Note: risk flags are screening signals from the data — not confirmed defects; check each against the actual unit, title & MCST.
A screening heuristic — not financial advice; verify every figure and your own budget before transacting.
Investor verdict

One Devonshire is a freehold project in D9 River Valley with 2.8% gross yield, thin liquidity. It sits ~2.4 km from the CBD Rejuvenation (Shenton / Anson) growth node (under construction). Expect to top up ~$3,352/mo at 75% LTV.

Best suited for
  • Capital growth buyers
Less suited for
  • pure rental-yield investors
  • buyers needing positive monthly cashflow
Key due-diligence
  • Confirm the exact unit stack, facing and floor — our figures are project medians.
  • Stress-test cashflow at +1–2% interest in the calculator below.

Investment report

A plain-language read on One Devonshire — genuine strengths, honest risks, an independent fair-value range and a Buy / Watch / Avoid position, all from the data above.

Why this may work
  • In the CBD Rejuvenation (Shenton / Anson) URA growth precinct — a corridor earmarked for new jobs, transport and amenities.
  • Active rental market — 57 recent lease contracts at a healthy ~2.8% gross yield.
  • Well-sized 152-unit project — larger developments trade at firmer $psf and resell faster.
  • Somerset MRT Station MRT within ~386 m — walkable transit underpins rent and resale.
  • Positive recent price momentum — median $psf up ~15% versus the prior period.
  • Freehold — no lease decay, so strong long-horizon holding power.
Why this may fail / what to watch
  • Entry $psf sits ~29% above nearby projects (within ~2.0 km) — a location/quality premium that has to keep being earned.
  • Negative monthly cashflow (~$3,352/mo top-up at 75% LTV, rented out) — and ABSD on a 2nd+ home makes the net return thinner still.
  • Thin liquidity (5 sales/12 mo) — a slower, choppier exit and a softer price signal.
  • High quantum (typical unit ~$3,588,416) narrows the resale buyer pool.
  • Check nearby new-launch & upcoming TOP supply — a fresh project within walking distance can cap rents and resale for a few years.
Signals screened from the data — strengths and risks, not confirmed facts. For educational purposes only — not financial advice.

How One Devonshire compares in D9

The nearest comparable D9 condos — matched on size, age, MRT distance and building height. Our fair-value model puts One Devonshire at about $2,759 psf; it trades at $2,943 psf, ~7% above that — Above fair value.

Skyline 360 @ St Thomas Walk61 units · 2012 · comparable$2,991 psf
8 Saint Thomas250 units · 2018 · comparable$3,030 psf
The Metz169 units · 2007 · comparable$2,657 psf
One Devonshire — this project$2,943 psf

Comparables trade near their own fair value, so they anchor the level. A gap is a research lead, not a valuation — see the full screen.

Fair-value range

Several independent value bases — more informative than a single median. The combined range weights the project-specific bases most.

Recent project median $psfexcludes ground & top-floor units$2,898 psf
Same-size, recent compsfloor of ±25% size band, recency-weighted$2,951 psf
Nearby projectsmedian $psf of projects within ~2.0 km$2,239 psf
Rental-yield-supportedrent $psf × 12 ÷ 3.0% target gross yield$2,688 psf
HomeVestor fair range$2,357–$3,061 psf
≈ $2,866,112–$3,722,176 for a ~1,216 sqft unit

See the D9 comparables behind that district base on the map below — switch on “District condos by $psf” in the layers (this project vs cheaper/pricier neighbours).

How is this worked out? — the value bases & combined range
Project median
Recency-filtered median $psf of this project’s own resale caveats (ground & top-floor units excluded).
Same-size comps
Recency-weighted median $psf of caveats within ±25% of the typical unit size (6-mo full, 6–12-mo 70%, 12–24-mo 40%) — the comparable-sales method used in our Valuation tool.
District-comparable
Median $psf across all projects in the same district — a market-level sanity check (a genuinely superior project can sit above it).
Yield-supported
The $psf at which today’s median rent would return a 3.0% target gross yield for a CCR project — anchors price to rental fundamentals.
Combined range
A weighted blend (comps 28%, yield 28%, project median 22%, district 22%); the band width (±5–13%) reflects how far the independent bases disagree, so a genuinely over- or under-priced project sits outside it.
Note: a project-level estimate — a specific unit’s floor, facing and size shift its fair value. Check a specific unit’s price ›
For educational purposes only — not financial advice.

Buy · Watch · Avoid

Where the project’s current median $psf sits against its fair range, overlaid with the risk signals. An educational classification — not a recommendation.

BUY — below fair
WATCH — around fair
AVOID — above fair
Watch zoneCurrent median $2,898 psf is around fair value — whether it’s a good buy comes down to the specific unit and price.
Compares project medians to a computed fair range — individual units vary. For educational purposes only — not financial advice.

Price trend

6-month rolling median $psf · excludes ground & top floor

Long-run trend — project vs. market

Indexed to 100 at 2021 · 2021–2026

Long-run line = URA Private Residential Property Price Index (indexed market trend, not unit prices). Markers = actual transactions, past 5 years. Source: URA via data.gov.sg, SODL v1.0.

Investment calculator

Estimated cashflow, property tax & yield by unit type — owner-occupied or rented, adjust the terms below · all $ columns are per month

Simple mode assumes 75% LTV · 30-yr loan · CPF $1,840/mo · 1 buyer — switch to Advanced to change these.
or
%
Tap a preset — or type your own rate
UnitSizeEst. priceRentInstalmentCPF OAProp. tax?Maint.Net cashYield
Stress test
Monthly net cash for the representative unit — . Colour bands: green ≥ $0 · amber −$800 to $0 · red below −$800.
How is this worked out? — assumptions, property tax, CPF & maintenance
Est. priceProject median $psf × the typical size for that bedroom type.
RentMedian URA rental contract for that bedroom type.
InstalmentPrincipal + interest at the LTV, interest rate and loan tenure you pick.
Property taxIRAS 2025/26 residential rates on the property’s Annual Valueowner-occupied is lower (0% on the first $12k, then 4–32%); rented out / non-owner-occupier is higher (12–36%). We estimate AV at ~80% of the gross rent, because IRAS excludes furniture, furnishings and maintenance fees, so the real AV sits below the rent you collect. Check the exact figure with the IRAS Annual Value tool or tax-rate table.
Net cashRented out: rent − cash instalment − tax (before maintenance, insurance, income tax on rent and vacancy). Owner-occupied: no rent, so it’s −(cash instalment + tax) — your monthly holding cost.
CPF OAYour CPF Ordinary Account can pay part of the instalment, which lifts your monthly cash position (it’s still your own savings funding the loan, not extra profit). The $1,840 / month per buyer default is the normal monthly OA contribution (23% of the $8,000 2026 wage ceiling). If you have savings already sitting in your OA, you can put in more — up to the full instalment — so just type the amount you’ll actually draw into the CPF OA box.
Loan rateTap the Floating or Fixed preset, or type your own exact rate into the box.
Maintenance (MCST)An estimate (~$0.72–$1.00 psf/month by region) — Singapore has no central per-project MCST fee dataset, so confirm the real figure with the managing agent.
Tip: CPF OA is capped at the instalment — once it covers the whole instalment, your cash outlay is $0, and changing LTV or tenure just moves how much CPF you draw, not your net cash. Set CPF lower to see the full effect of the loan terms.
For educational purposes only — not financial advice.
Financing this purchase? Our mortgage partner Loan Experts compares 100+ home-loan packages free and locks in today’s lowest rate — no obligation.Book a free home-loan consult

Profit & ROI projection

Buy to rent out, hold, then sell — estimated total profit and annualised return by unit type. Reuses the loan terms above, plus capital growth & your holding period · $ figures are for the whole holding period

%
Default 2% — type higher or lower
yrs
Default 4 — the SSD period (sell after = 0% SSD)
UnitEst. priceCash in?Rental (4y)Appreciation (4y)?Total profitAnn. ROI
How is this worked out? — leverage, stamp duties & SSD
Cash inYour upfront equity: down-payment (price × (1−LTV)) + Buyer’s Stamp Duty + ABSD for your profile. Uses the LTV, rate & tenure set in the calculator above.
RentalRent over the holding period minus loan interest, property tax and maintenance (rented-out rates). Loan principal isn’t counted as a cost — it builds equity you get back at sale.
AppreciationSale price = today’s price compounded at your growth rate, minus ~1% selling cost and any Seller’s Stamp Duty. SSD (from 4 Jul 2025) is 16/12/8/4% for selling within 1/2/3/4 years and 0% after 4 years — hence the 4-year default.
Total profit & ROIRental + appreciation, minus the upfront BSD & ABSD. Ann. ROI = the compound annual return on your cash-in over the holding period.
Stamp dutiesBSD marginal tiers 1–6% (from 15 Feb 2023). ABSD (Singapore Citizen): 0% first home, 20% second, 30% third+; 60% for foreigners — pick your profile above.
Note: a leveraged buy-to-let estimate. If rent doesn’t cover the monthly instalment (see the cashflow table above), you top up cash monthly — those top-ups aren’t added to the cash-in base, so treat ROI as indicative. Excludes rental income tax, vacancy and renovation.
For educational purposes only — not financial advice. Confirm stamp duties with IRAS before transacting.
Zeroing in on one unit? Check if it’s fairly priced ›  ·  Work out what to offer ›

Location & neighbourhood

Tap any label below the map to show or hide that layer, or use Show / hide all. On by default: primary schools, MRT stations within 2 km (nearest highlighted), and hawker / malls / supermarkets. Off by default (tap to switch on): Secondary / JC / Poly, international schools, bus stops, healthcare and childcare.

Nearest MRT: Somerset MRT Station · ~386 m. Amenities © OpenStreetMap contributors (ODbL), tiles © CARTO.

About this project

Project NameONE DEVONSHIRE
Street NameDevonshire Road
Property TypeCondominium
TenureFreehold
District / Planning AreaD9 / River Valley
Completion2011
Number of units152 units
Highest floor in the project35
DeveloperDEVONSHIRE PEAK PTE LTD
Land Area (sqm)7,320
Master Plan Plot Ratio2.8

All transactions (19)

Newest first. Click any column heading to sort. Ground & top-floor units are excluded from the median above.

e.g. 20-07 · 20- = storey 20 · -07 = stack 07
both optional
Date Address Size
(sqft)
$psf Price
Show

Rental transactions (283)

Individual private-residential lease contracts, newest first — official URA Data Service. Size is URA’s banded floor area (sqft); the unit number and floor are not disclosed. Click any column heading to sort.

6-month rolling median $psf/month · from individual URA rental contracts

URA records the size band & bedroom count, not the unit number.
Lease date Size
(sqft)
Beds Monthly rent $psf/mo
Show
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