Raffles Town Club site slated for future residential use after lease expiry in 2026
Lee Sze Teck, senior director for information analytics at Huttons Asia, feels the plot, that lies throughout a private residential territory, will be sold for personal real estate. He anticipates the spot might be referred a plot ratio of 1.4 provided its surrounding low-rise property developments. To that extent, it could potentially be turned into a high-end project with 160 to 190 units with a regular unit size varying from 915 to 1,076 sq ft. If the site launched for tender these days, it might draw a winning quote of over $1,500 psf per plot ratio, he estimates.
In its statement, SLA and URA mention the redevelopment of the site for residential use will “support future housing need and boost the housing character of the precinct”.
The place lies no more than a five-minute drive from the Singapore Botanic Gardens. It is additionally close to schools involving 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 within strolling distance of the Stevens MRT Interchange. RTC will definitely continue its business at the place up until the contract ends, whereupon it will certainly be called for to submit the land to the state.
Eugene Lim, key managing officer at ERA Singapore, thinks that the place may be offered a bigger plot ratio given its area at the section of Whitley Road and Dunearn Road. “There is a probability of a higher plot ratio being simply allowed on the place, like 1.6 or 2.1, such that a taller property might be developed there to act as a site for the junction.”
The rent on a plot of property in Bukit Timah at the moment dwelled in by Raffles Town Club (RTC) will most likely not be renewed the moment it expires on Oct 17, 2026. In a Nov 20 report, the Singapore Land Authority (SLA) and URA jointly announced that the location is schedule for future non commercial development.