ILLUMINAIRE ON DEVONSHIRE
UrbanLens Analysis
ILLUMINAIRE ON DEVONSHIRE trades at $2,276 PSF, sitting 3% above the District 09 median of $2,215 PSF. The 4-minute walk to Somerset MRT (288m) is a tangible lifestyle and resale advantage. THE ROBERTSON OPUS fetches $3,359 PSF nearby -- that 32% gap frames ILLUMINAIRE ON DEVONSHIRE's relative value proposition.
The +1.3% two-year price movement is negligible -- neither bullish nor bearish. 8 transactions over two years is modest; the trend is directional, not definitive. For context, HILL HOUSE has gained 1.3% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Gross yield of 3.8% beats the CCR average of 3.0%. With $3,448/month median rent, income-focused buyers have a real case here.
At 72 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
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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