PropNex launches tender for two Devonshire freehold homes

The properties will be offered collectively at a guide price of $14m.

PropNex Realty has announced the launch of a public tender for two adjoining freehold terrace houses located at 137 and 139 Devonshire Road.

The properties will be offered collectively at a guide price of $14m, translating to approximately $1,629 per square foot per plot ratio based on the potential gross floor area (GFA).

Situated in District 9, the combined site spans around 285.2 square metres (approximately 3,070 square feet) and is zoned for residential use with a plot ratio of 2.8, in line with the Urban Redevelopment Authority’s 2019 Master Plan.

The location is within walking distance to Orchard Road and Somerset MRT station, offering strong redevelopment potential.

Subject to approval from relevant authorities, the site may be redeveloped into a six-storey serviced apartment project.

Additionally, prospective buyers may have the opportunity to acquire an adjacent parcel of state land at 141 Devonshire Road, measuring approximately 127.4 square metres.

The tender will open on 15 May 2025 and close on 5 June 2025 at 3 p.m. Both properties must be purchased together.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia