Raffles Town Club site slated for future residential use after lease expiry in 2026
The site is located less than 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.
Lee Sze Teck, senior executive for data analytics at Huttons Asia, feels the plot, that lies within an exclusive residential enclave, will be sold for exclusive real estate. He anticipates the spot may be ascribed a plot ratio of 1.4 provided its surrounding low-rise projects. To that degree, it can possibly be developed into a deluxe project with 160 to 190 units with a regular unit measurements extending from 915 to 1,076 sq ft. If the spot released for tender these days, it can lure a winning proposal of over $1,500 psf per plot ratio, he assesses.
The site, which evaluates an estimated 132,639 sq ft, stands at 1 Plymouth Avenue in District 11. It is inside walking span of the Stevens MRT Interchange. RTC is going to continue its business at the site up until the contract expires, whereupon it will certainly be required to return the land to the region.
The rent on a plot of land in Bukit Timah presently occupied by Raffles Town Club (RTC) are going to not be resumed the moment it lapses on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA collectively released that the area is schedule for future non commercial development.
In its report, SLA and URA say the redevelopment of the area for residence usage will “support future real estate demand and enhance the housing character of the district”.
Eugene Lim, primary executive officer at ERA Singapore, feels that the place might be granted a bigger plot ratio provided its location at the corner of Whitley Road and Dunearn Road. “There is a probability of a greater plot ratio being allowed on the area, like 1.6 or 2.1, similar that a taller property development might be built there to act as a site for the intersection.”