Raffles Town Club site slated for future residential use after lease expiry in 2026
Lee Sze Teck, senior executive for information analytics at Huttons Asia, believes the plot, that lies throughout an exclusive residential territory, will be sold for exclusive real estate. He predicts the spot might be referred a plot ratio of 1.4 provided its neighboring low-rise properties. To that extent, it could potentially be turned into a high-end plan with 160 to 190 units with a regular unit measurements extending from 915 to 1,076 sq ft. If the site started for tender now, it might attract a winning proposal of over $1,500 psf per plot ratio, he assesses.
The lease contract on a plot of property in Bukit Timah currently occupied by Raffles Town Club (RTC) are going to not be extended as soon as it lapses on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA mutually released that the area is slated for future non commercial development.
The site, which measures an approximated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is inside walking proximity of the Stevens MRT Interchange. RTC is going to continue its operations at the site till the lease concludes, whereupon it will certainly be called for to send back the property to the region.
Eugene Lim, primary managing officer at ERA Singapore, feels that the place may be granted a higher plot ratio given its area at the section of Whitley Road and Dunearn Road. “There is a chance of a greater plot ratio being enabled on the place, like 1.6 or 2.1, such that a taller property development might be developed there to serve as a spots for the junction.”
In its claim, SLA and URA mention the redevelopment of the site for residential use will “sustain future housing appeal and increase the residence appearance of the district”.
The place 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.