Raffles Town Club site slated for future residential use after lease expiry in 2026
The site lies barely a five-minute drive from the Singapore Botanic Gardens. It is even close to schools consisting of Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
In its statement, SLA and URA mention the redevelopment of the area for residence usage will “assist future housing need and enhance the residential appearance of the district”.
Eugene Lim, key executive officer at ERA Singapore, believes that the area might be given a bigger plot ratio provided its location at the corner of Whitley Road and Dunearn Road. “There is a chance of a higher plot ratio being simply allowed on the place, like 1.6 or 2.1, similar that a taller development might be built there to act as a spots for the crossway.”
The location, which measures an estimated 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 place till the rent ends, upon which it will certainly be called for to submit the property to the state.
The rent on a plot of property in Bukit Timah at the moment occupied by Raffles Town Club (RTC) are going to not be resumed the moment it expires on Oct 17, 2026. In a Nov 20 statement, the Singapore Land Authority (SLA) and URA collectively released that the area is slated for future residential property development.
Lee Sze Teck, senior supervisor for information analytics at Huttons Asia, feels the plot, which lies within a reserved residential territory, will be yielded exclusive housing. He forecasts the spot may be ascribed a plot ratio of 1.4 offered its nearby low-rise projects. To that degree, it could potentially be become a high-end plan with 160 to 190 units with a standard unit measurements varying from 915 to 1,076 sq ft. If the spot started for tender these days, it might lure a winning quote of over $1,500 psf per plot ratio, he determines.