Singapore Turf Club closure could field 30,000 new homes
The consultancy estimates that more than 30,000 brand-new houses could be built on the location, presuming a gross plot ratio of 2.8 and an average unit size of 1,000 sq ft. Nonetheless, the actual number is going to vary based upon the final property development blueprints.
The western end of the land parcel with Turf Club Avenue could be start for “low-rise apartments or landed plots as “there are already existing landed residential properties at the Jalan Kasau area,” adds Lim. The remainder of the site might be filled out with a blend of nature, sports, F&B, retail industry, and recreation as complementary land uses to sustain the residential uses in the location.
An evaluation of the existing master plan recommends where the long term residential development can begin, says Eugene Lim, major director at ERA Realty Network. “Looking at the current neighboring land uses as shown in the Master Plan, residential usages may be integrated both on eastern as well as western portions of the turf club site as a logical expansion of present household uses,” says Lim.
“The revamping of Kranji as a new town will uphold the recurring property development of the Woodlands Regional Centre, which is earmarked as the largest financial center in Singapore’s north region,” claims Gafoor, adding this will definitely strengthen the workforce to sustain industries projected to grow up on Woodlands, Senoko, Lim Chu Kang along with Sungei Kadut.
Lee even claims that a catalyst is needed to propel Woodlands forward as a regional centre, including that the closure of the Singapore Turf Club, established in 1842, will provide city planners the area to rethink just how to position Woodlands for the coming future.
Prospective redevelopment plannings for the sprawling location next to Kranji MRT Station will likely include brand-new public and even private household housing, public environment-friendly spaces, business offerings, as well as other social work to that North area of Singapore, says PropNex.
Lee Sze Teck, top executive of research at Huttons Asia, observes that even though the 120-ha location could be too compact to be sorted as a new standalone township, it will expand the already developed Woodlands HDB town. He estimates as much as 30,000 brand-new residences can be established on the land parcel.
On June 5, the Government introduced that the Singapore Racecourse site in Kranji will certainly must close by March 2027. The 120-ha area is going to be used for real estate and other properties. PropNex chief executive officer Ismail Gafoor says the move “mirrors the adaptability in the government’s approach to handling land usage in Singapore, where land is limited, however there are many competing needs for spot”.