Raffles Town Club site slated for future residential use after lease expiry in 2026

In its report, SLA and URA mention the redevelopment of the area for residence usage will “support future real estate need and enhance the residential style of the district”.

Eugene Lim, primary managing officer at ERA Singapore, feels that the place may be offered a bigger plot ratio given its area at the section of Whitley Road and Dunearn Road. “There is a possibility of a higher plot ratio being permitted on the place, like 1.6 or 2.1, similar that a taller property development may be constructed there to function as a site for the junction.”

Klimt Cairnhill condominium

The site is located barely a five-minute drive from the Singapore Botanic Gardens. It is additionally near to schools consisting of Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.

Lee Sze Teck, senior director for information analytics at Huttons Asia, believes the plot, that is located within a reserved residential territory, will be brought personal real estate. He predicts the site might be ascribed a plot ratio of 1.4 given its nearby low-rise properties. To that extent, it could potentially be become a deluxe venture with 160 to 190 units with an average unit dimension ranging from 915 to 1,076 sq ft. If the site started for tender today, it can lure a winning quote of over $1,500 psf per plot ratio, he assesses.

The rent on a plot of land in Bukit Timah currently occupied by Raffles Town Club (RTC) are going to not be extended when it ends on Oct 17, 2026. In a Nov 20 statement, the Singapore Land Authority (SLA) and URA mutually released that the site is schedule for future non commercial property development.

The site, which estimates an approximated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is inside walking distance of the Stevens MRT Interchange. RTC will definitely continue its proceedings at the site till the contract concludes, whereupon it will certainly be called for to submit the property to the state.

error: Content is protected !!