Raffles Town Club site slated for future residential use after lease expiry in 2026
The lease on a plot of land in Bukit Timah at the moment taken up by Raffles Town Club (RTC) will not be extended the moment it ends on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA jointly announced that the location is schedule for future housing property development.
Lee Sze Teck, top supervisor for information analytics at Huttons Asia, believes the plot, which is located throughout an exclusive non commercial enclave, will certainly be brought private real estate. He forecasts the site may be ascribed a plot ratio of 1.4 given its neighboring low-rise developments. To that extent, it could possibly be turned into a luxury project with 160 to 190 units with an average unit dimension extending from 915 to 1,076 sq ft. If the spot released for tender today, it can draw a winning proposal of over $1,500 psf per plot ratio, he estimates.
The site is located no more than a five-minute drive from the Singapore Botanic Gardens. It is also close to academic institutions consisting of Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
Eugene Lim, major managing officer at ERA Singapore, feels that the place may be offered a higher plot ratio given its area at the section of Whitley Road and Dunearn Road. “There is a possibility of a higher plot ratio being allowed on the area, like 1.6 or 2.1, similar that a taller property development may be built there to work as a site for the crossway.”
In its claim, SLA and URA say the redevelopment of the site for non commercial usage will “support future real estate appeal and increase the residential style of the precinct”.
The site, which estimates an approximated 132,639 sq ft, is located at 1 Plymouth Avenue in District 11. It is within walking distance of the Stevens MRT Interchange. RTC will definitely proceed its proceedings at the site until the contract concludes, upon which it will be called for to submit the property to the land.