Raffles Town Club site slated for future residential use after lease expiry in 2026
Lee Sze Teck, top director for data analytics at Huttons Asia, thinks the plot, which lies throughout an exclusive residence territory, will certainly be sold for exclusive housing. He anticipates the spot may be ascribed a plot ratio of 1.4 given its nearby low-rise properties. To that extent, it could potentially be become a high-end plan with 160 to 190 units with a regular unit measurements ranging from 915 to 1,076 sq ft. If the site launched for tender now, it can lure a winning bid of over $1,500 psf per plot ratio, he assesses.
The lease contract on a plot of property in Bukit Timah currently taken up by Raffles Town Club (RTC) will not be renewed the moment it ends on Oct 17, 2026. In a Nov 20 report, the Singapore Land Authority (SLA) and URA mutually released that the site is schedule for future non commercial property development.
In its claim, SLA and URA say the redevelopment of the site for non commercial use will “support future housing appeal and enhance the residential style of the district”.
The site, which estimates an approximated 132,639 sq ft, stands at 1 Plymouth Avenue in District 11. It is within walking proximity of the Stevens MRT Interchange. RTC is going to continue its operations at the area up until the lease ends, whereupon it will certainly be needed to return the property to the state.
Eugene Lim, primary managing officer at ERA Singapore, believes that the site may be given a bigger plot ratio given its area at the section of Whitley Road and Dunearn Road. “There is a chance of a greater plot ratio being simply permitted on the place, like 1.6 or 2.1, similar that a taller property development may be constructed there to work as a landmark for the junction.”
The place lies less than a five-minute drive from the Singapore Botanic Gardens. It is additionally near academic institutions involving Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.