Raffles Town Club site slated for future residential use after lease expiry in 2026
The site is located no more than a five-minute drive from the Singapore Botanic Gardens. It is even close to schools involving Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
The rent on a plot of land in Bukit Timah currently taken up by Raffles Town Club (RTC) will most likely not be renewed when it ends on Oct 17, 2026. In a Nov 20 statement, the Singapore Land Authority (SLA) and URA mutually declared that the location is slated for future non commercial property development.
In its statement, SLA and URA state the redevelopment of the area for non commercial use will “assist future real estate demand and boost the housing character of the development”.
Eugene Lim, primary executive officer at ERA Singapore, feels that the site might be offered a bigger plot ratio provided its site at the corner of Whitley Road and Dunearn Road. “There is a chance of a higher plot ratio being simply permitted on the place, like 1.6 or 2.1, such that a taller development may be constructed there to function as a site for the crossway.”
Lee Sze Teck, chief executive for information analytics at Huttons Asia, believes the plot, that lies within a reserved non commercial territory, will certainly be brought personal real estate. He anticipates the spot may be referred a plot ratio of 1.4 provided its nearby low-rise properties. To that degree, it might potentially be turned into a luxury venture with 160 to 190 units with a regular unit measurements ranging from 915 to 1,076 sq ft. If the site released for tender now, it might draw a winning quote of over $1,500 psf per plot ratio, he determines.
The site, which evaluates an approximated 132,639 sq ft, is located at 1 Plymouth Avenue in District 11. It is within walking proximity of the Stevens MRT Interchange. RTC will definitely proceed its operations at the area until the contract concludes, upon which it will certainly be called for to submit the property to the state.