Raffles Town Club site slated for future residential use after lease expiry in 2026
The site 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 rent on a plot of property in Bukit Timah at the moment occupied by Raffles Town Club (RTC) will most likely not be extended as soon as it lapses on Oct 17, 2026. In a Nov 20 report, the Singapore Land Authority (SLA) and URA collectively declared that the area is slated for future non commercial development.
Lee Sze Teck, senior director for data analytics at Huttons Asia, feels the plot, which is located within a reserved residence territory, will be sold for exclusive real estate. He anticipates the spot might be ascribed a plot ratio of 1.4 given its neighboring low-rise properties. To that extent, it might likely be developed into a luxury plan with 160 to 190 units with a regular unit measurements extending from 915 to 1,076 sq ft. If the spot launched for tender now, it can lure a winning quote of over $1,500 psf per plot ratio, he estimates.
Eugene Lim, primary managing officer at ERA Singapore, feels that the area might be offered a higher plot ratio provided its location at the section of Whitley Road and Dunearn Road. “There is a possibility of a higher plot ratio being permitted on the area, like 1.6 or 2.1, such that a taller development might be constructed there to function as a site for the crossway.”
In its report, SLA and URA state the redevelopment of the area for residential usage will “sustain future real estate need and boost the residence appearance of the precinct”.
The site, which estimates an estimated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is inside walking span of the Stevens MRT Interchange. RTC will definitely continue its business at the site till the lease ends, whereupon it will certainly be required to submit the property to the state.