Raffles Town Club site slated for future residential use after lease expiry in 2026
Eugene Lim, major executive officer at ERA Singapore, feels that the place may be offered a bigger plot ratio given its location at the section of Whitley Road and Dunearn Road. “There is a possibility of a greater plot ratio being permitted on the place, like 1.6 or 2.1, similar that a taller property may be constructed there to serve as a site for the crossway.”
The site, which estimates an approximated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is within strolling span of the Stevens MRT Interchange. RTC will continue its business at the site till the lease expires, upon which it will be called for to return the property to the land.
The place is located less than a five-minute drive from the Singapore Botanic Gardens. It is also near to academic institutions including 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 non commercial usage will “support future real estate appeal and increase the residence style of the district”.
Lee Sze Teck, top supervisor for data analytics at Huttons Asia, believes the plot, which lies throughout an exclusive residence territory, will be brought private housing. He predicts the spot may be referred a plot ratio of 1.4 offered its neighboring low-rise developments. To that degree, it might potentially be turned into a luxury plan with 160 to 190 units with a standard unit measurements extending from 915 to 1,076 sq ft. If the spot launched for tender these days, it might lure a winning proposal of over $1,500 psf per plot ratio, he assesses.
The lease on a plot of land in Bukit Timah presently occupied by Raffles Town Club (RTC) are going to not be renewed the moment it ends on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA jointly announced that the site is slated for future residential development.