Raffles Town Club site slated for future residential use after lease expiry in 2026
Eugene Lim, major executive officer at ERA Singapore, believes that the place may be given a bigger plot ratio provided its area at the section of Whitley Road and Dunearn Road. “There is a probability of a higher plot ratio being simply allowed on the site, like 1.6 or 2.1, such that a taller property development might be constructed there to work as a site for the junction.”
The location is located less than a five-minute drive from the Singapore Botanic Gardens. It is additionally near to academic institutions involving Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
The site, which estimates an estimated 132,639 sq ft, is located at 1 Plymouth Avenue in District 11. It is inside walking proximity of the Stevens MRT Interchange. RTC will proceed its proceedings at the place up until the contract ends, whereupon it will certainly be required to send back the property to the land.
In its report, SLA and URA state the redevelopment of the site for residence use will “support future real estate appeal and enhance the residence appearance of the development”.
Lee Sze Teck, top director for information analytics at Huttons Asia, thinks the plot, that lies throughout a reserved residential territory, will certainly be sold for exclusive real estate. He predicts the spot might be ascribed a plot ratio of 1.4 provided its nearby low-rise developments. To that degree, it could likely be developed into a deluxe plan with 160 to 190 units with an average unit measurements ranging from 915 to 1,076 sq ft. If the spot started for tender now, it might lure a winning quote of over $1,500 psf per plot ratio, he determines.
The rent on a plot of property in Bukit Timah at the moment dwelled in by Raffles Town Club (RTC) will not be renewed when it expires on Oct 17, 2026. In a Nov 20 report, the Singapore Land Authority (SLA) and URA jointly declared that the site is schedule for future non commercial development.