Raffles Town Club site slated for future residential use after lease expiry in 2026
The lease on a plot of property in Bukit Timah presently taken up by Raffles Town Club (RTC) will most likely not be renewed when it lapses on Oct 17, 2026. In a Nov 20 statement, the Singapore Land Authority (SLA) and URA jointly released that the area is schedule for future residential project.
The site, which estimates an estimated 132,639 sq ft, stands at 1 Plymouth Avenue in District 11. It is inside strolling span of the Stevens MRT Interchange. RTC will definitely proceed its proceedings at the area till the lease ends, whereupon it will certainly be called for to send back the land to the state.
In its statement, SLA and URA mention the redevelopment of the site for residence usage will “assist future real estate appeal and enhance the housing appearance of the development”.
Lee Sze Teck, top director for data analytics at Huttons Asia, feels the plot, that is located within a private non commercial territory, will certainly be yielded private real estate. He forecasts the spot may be ascribed a plot ratio of 1.4 given its surrounding low-rise developments. To that level, it could potentially be become a luxury project with 160 to 190 units with a regular unit measurements ranging from 915 to 1,076 sq ft. If the spot launched for tender these days, it can attract a winning bid of over $1,500 psf per plot ratio, he determines.
The site lies barely a five-minute drive from the Singapore Botanic Gardens. It is additionally close to academic institutions including Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
Eugene Lim, major managing officer at ERA Singapore, feels that the area may be given a bigger plot ratio provided its area at the corner of Whitley Road and Dunearn Road. “There is a probability of a greater plot ratio being simply enabled on the site, like 1.6 or 2.1, similar that a taller property may be constructed there to act as a landmark for the crossway.”
