Raffles Town Club site slated for future residential use after lease expiry in 2026
Eugene Lim, key executive officer at ERA Singapore, thinks that the site might be given a higher plot ratio given its site at the corner of Whitley Road and Dunearn Road. “There is a possibility of a greater plot ratio being simply enabled on the area, like 1.6 or 2.1, similar that a taller development may be built there to function as a landmark for the intersection.”
The location lies less than a five-minute drive from the Singapore Botanic Gardens. It is additionally near to academic institutions 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, thinks the plot, which is located throughout a private residence territory, will be sold for exclusive real estate. He predicts the spot may be ascribed a plot ratio of 1.4 provided its neighboring low-rise developments. To that extent, it might likely be become a luxury venture with 160 to 190 units with a regular unit dimension extending from 915 to 1,076 sq ft. If the spot started for tender now, it can lure a winning quote of over $1,500 psf per plot ratio, he estimates.
The site, which estimates an approximated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is throughout walking span of the Stevens MRT Interchange. RTC will definitely proceed its business at the place up until the lease expires, upon which it will be needed to return the property to the state.
In its statement, SLA and URA mention the redevelopment of the site for residential use will “support future housing appeal and enhance the housing style of the district”.
The rent on a plot of property in Bukit Timah at the moment occupied by Raffles Town Club (RTC) are going to not be extended as soon as it expires 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 residential development.