Raffles Town Club site slated for future residential use after lease expiry in 2026
The location, which evaluates an estimated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is throughout strolling proximity of the Stevens MRT Interchange. RTC is going to proceed its operations at the area up until the contract concludes, whereupon it will certainly be called for to submit the property to the state.
In its claim, SLA and URA state the redevelopment of the site for non commercial use will “sustain future housing demand and increase the housing appearance of the district”.
Lee Sze Teck, senior executive for information analytics at Huttons Asia, thinks the plot, that lies throughout an exclusive residential territory, will certainly be brought exclusive housing. He forecasts the spot may be referred a plot ratio of 1.4 given its surrounding low-rise projects. To that degree, it could possibly be become a deluxe venture with 160 to 190 units with a standard unit dimension varying from 915 to 1,076 sq ft. If the site started for tender today, it can attract a winning bid of over $1,500 psf per plot ratio, he assesses.
The location lies no more than a five-minute drive from the Singapore Botanic Gardens. It is even near to schools consisting of Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
Eugene Lim, major executive officer at ERA Singapore, thinks that the place might be given a higher plot ratio provided its location at the section of Whitley Road and Dunearn Road. “There is a possibility of a greater plot ratio being simply enabled on the site, like 1.6 or 2.1, such that a taller property development might be constructed there to work as a spots for the intersection.”
The lease contract on a plot of property in Bukit Timah at the moment dwelled in by Raffles Town Club (RTC) are going to not be resumed when it lapses on Oct 17, 2026. In a Nov 20 statement, the Singapore Land Authority (SLA) and URA jointly declared that the area is slated for future housing project.