Raffles Town Club site slated for future residential use after lease expiry in 2026
Lee Sze Teck, senior supervisor for information analytics at Huttons Asia, believes the plot, that is located within a private non commercial enclave, will be yielded private real estate. He forecasts the spot might be referred a plot ratio of 1.4 given its surrounding low-rise projects. To that degree, it can potentially be turned into a deluxe plan with 160 to 190 units with a standard unit measurements ranging from 915 to 1,076 sq ft. If the site launched for tender now, it might attract a winning proposal of over $1,500 psf per plot ratio, he determines.
In its statement, SLA and URA say the redevelopment of the site for residential use will “support future housing demand and increase the housing style of the district”.
The lease contract on a plot of property in Bukit Timah currently occupied by Raffles Town Club (RTC) will not be resumed when it expires on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA jointly released that the location is slated for future non commercial property development.
The location, which evaluates an approximated 132,639 sq ft, is located at 1 Plymouth Avenue in District 11. It is within walking distance of the Stevens MRT Interchange. RTC is going to proceed its operations at the area until the rent ends, whereupon it will certainly be called for to send back the property to the region.
The site lies no more than a five-minute drive from the Singapore Botanic Gardens. It is even near to academic institutions consisting of Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
Eugene Lim, key executive officer at ERA Singapore, thinks that the place might be granted a bigger plot ratio provided its site at the corner of Whitley Road and Dunearn Road. “There is a chance of a higher plot ratio being simply enabled on the area, like 1.6 or 2.1, similar that a taller property might be constructed there to act as a spots for the junction.”