Raffles Town Club site slated for future residential use after lease expiry in 2026
The site, which estimates an approximated 132,639 sq ft, is located at 1 Plymouth Avenue in District 11. It is inside strolling span of the Stevens MRT Interchange. RTC will definitely continue its proceedings at the place up until the rent expires, upon which it will be needed to send back the property to the state.
The lease contract on a plot of property in Bukit Timah at the moment occupied by Raffles Town Club (RTC) will not be renewed the moment it expires on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA collectively released that the area is slated for future residential property development.
The place is located barely a five-minute drive from the Singapore Botanic Gardens. It is additionally close to schools including Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
Lee Sze Teck, chief director for data analytics at Huttons Asia, believes the plot, that is located within a private non commercial territory, will certainly be brought exclusive real estate. He forecasts the spot may be referred a plot ratio of 1.4 given its nearby low-rise property developments. To that level, it can possibly be developed into a deluxe project with 160 to 190 units with an average unit measurements varying from 915 to 1,076 sq ft. If the spot released for tender today, it could attract a winning proposal of over $1,500 psf per plot ratio, he determines.
Eugene Lim, major managing officer at ERA Singapore, thinks that the place may be granted a bigger plot ratio provided its area at the corner of Whitley Road and Dunearn Road. “There is a chance of a greater plot ratio being simply allowed on the area, like 1.6 or 2.1, similar that a taller property might be built there to serve as a site for the intersection.”
In its statement, SLA and URA say the redevelopment of the area for non commercial usage will “support future real estate demand and increase the housing style of the district”.