Raffles Town Club site slated for future residential use after lease expiry in 2026
Eugene Lim, primary executive officer at ERA Singapore, thinks that the site may be given a bigger plot ratio given its site at the corner of Whitley Road and Dunearn Road. “There is a probability of a higher plot ratio being enabled on the area, like 1.6 or 2.1, similar that a taller property might be developed there to serve as a spots for the intersection.”
The site, which evaluates an approximated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is throughout strolling distance of the Stevens MRT Interchange. RTC will definitely proceed its operations at the site till the lease ends, upon which it will certainly be needed to send back the land to the state.
In its claim, SLA and URA state the redevelopment of the site for residence use will “sustain future real estate need and increase the residence style of the precinct”.
The lease contract on a plot of property in Bukit Timah presently occupied by Raffles Town Club (RTC) are going to not be extended as soon as it lapses on Oct 17, 2026. In a Nov 20 statement, the Singapore Land Authority (SLA) and URA jointly declared that the site is slated for future housing development.
The site lies no more than a five-minute drive from the Singapore Botanic Gardens. It is even near to schools involving Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
Lee Sze Teck, senior director for information analytics at Huttons Asia, feels the plot, which is located throughout a reserved residential enclave, will certainly be brought personal housing. He predicts the spot might be referred a plot ratio of 1.4 provided its neighboring low-rise developments. To that level, it could likely be turned into a high-end plan with 160 to 190 units with a standard unit dimension varying from 915 to 1,076 sq ft. If the site released for tender these days, it could draw a winning bid of over $1,500 psf per plot ratio, he estimates.