Raffles Town Club site slated for future residential use after lease expiry in 2026
The place lies no more than a five-minute drive from the Singapore Botanic Gardens. It is additionally close to academic institutions including Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
The site, which estimates an estimated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is throughout strolling span of the Stevens MRT Interchange. RTC is going to proceed its operations at the site up until the contract ends, upon which it will certainly be called for to send back the property to the land.
Eugene Lim, primary managing officer at ERA Singapore, feels that the area might be granted a bigger plot ratio provided its site at the corner of Whitley Road and Dunearn Road. “There is a possibility of a greater plot ratio being simply allowed on the place, like 1.6 or 2.1, such that a taller development may be constructed there to function as a site for the junction.”
The lease contract on a plot of property in Bukit Timah currently dwelled in by Raffles Town Club (RTC) will most likely not be extended the moment it expires on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA mutually declared that the site is slated for future non commercial development.
Lee Sze Teck, top supervisor for information analytics at Huttons Asia, feels the plot, which is located within a private residential enclave, will be sold for personal housing. He forecasts the spot might be ascribed a plot ratio of 1.4 offered its nearby low-rise projects. To that level, it can potentially be become a high-end venture with 160 to 190 units with a regular unit measurements ranging from 915 to 1,076 sq ft. If the site started for tender these days, it can lure a winning quote of over $1,500 psf per plot ratio, he estimates.
In its report, SLA and URA mention the redevelopment of the area for residence use will “support future real estate appeal and enhance the residence appearance of the development”.