PropNex Realty, Singapore’s largest real estate agency, has announced the launch of a tender for two freehold terrace houses located at 137 and 139 Devonshire Road. The properties, set to go on sale on 15 May 2025, have a guide price of S$14m, equating to S$1,629 per square foot based on the potential gross floor area.
The combined land area of the plots is approximately 285.2 square metres, and they are zoned for residential use with a plot ratio of 2.8 under the 2019 Master Plan. Situated in District 9, the site is within walking distance of Orchard Road, offering significant redevelopment potential. Subject to approval, the properties could be transformed into a six-storey serviced flat development. Additionally, the future owner may have the opportunity to acquire adjacent state land, further expanding the development footprint.
Tracy Goh, Head of Capital Markets at PropNex, expressed confidence in the property’s appeal, stating, “We expect strong interest for the property from family offices and investors seeking stable, recurring income and long-term value.” She highlighted the freehold status and strategic location as key factors for legacy planning.
The properties benefit from excellent connectivity, being just minutes from Somerset MRT station, and are surrounded by a vibrant mix of eateries and commercial offerings. The tender for these properties closes on 5 June 2025 at 3 pm, and they must be purchased collectively.
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