Raffles Town Club site slated for future residential use after lease expiry in 2026
Lee Sze Teck, chief executive for information analytics at Huttons Asia, believes the plot, which lies throughout an exclusive non commercial territory, will certainly be brought private real estate. He forecasts the spot may be ascribed a plot ratio of 1.4 provided its neighboring low-rise property developments. To that level, it could likely be become a luxury project with 160 to 190 units with an average unit dimension extending from 915 to 1,076 sq ft. If the spot launched for tender today, it could attract a winning bid of over $1,500 psf per plot ratio, he determines.
Eugene Lim, major executive officer at ERA Singapore, thinks that the place might be granted a bigger plot ratio given its site at the corner of Whitley Road and Dunearn Road. “There is a chance of a greater plot ratio being permitted on the site, like 1.6 or 2.1, such that a taller property might be developed there to work as a site for the intersection.”
The rent on a plot of land in Bukit Timah currently occupied by Raffles Town Club (RTC) are going to not be resumed as soon as it lapses on Oct 17, 2026. In a Nov 20 report, the Singapore Land Authority (SLA) and URA mutually announced that the site is schedule for future residential development.
The site, which measures an approximated 132,639 sq ft, is located at 1 Plymouth Avenue in District 11. It is throughout walking distance of the Stevens MRT Interchange. RTC is going to proceed its operations at the place up until the contract ends, whereupon it will certainly be called for to submit the land to the land.
The place lies barely a five-minute drive from the Singapore Botanic Gardens. It is also close to academic institutions involving Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
In its statement, SLA and URA state the redevelopment of the site for residential use will “sustain future real estate demand and boost the residence character of the district”.