Raffles Town Club site slated for future residential use after lease expiry in 2026
The lease contract on a plot of property in Bukit Timah presently occupied by Raffles Town Club (RTC) will not be extended when it ends on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA collectively released that the area is schedule for future non commercial development.
The location, which measures an estimated 132,639 sq ft, stands at 1 Plymouth Avenue in District 11. It is throughout strolling distance of the Stevens MRT Interchange. RTC will proceed its proceedings at the place till the lease ends, upon which it will certainly be required to return the land to the region.
Lee Sze Teck, senior executive for data analytics at Huttons Asia, believes the plot, that lies within an exclusive residential enclave, will be yielded personal housing. He forecasts the spot may be referred a plot ratio of 1.4 offered its surrounding low-rise developments. To that level, it might likely be developed into a high-end venture with 160 to 190 units with a standard unit dimension ranging from 915 to 1,076 sq ft. If the spot launched for tender now, it might draw a winning quote of over $1,500 psf per plot ratio, he assesses.
Eugene Lim, major executive officer at ERA Singapore, thinks that the area might be granted a bigger plot ratio given its area at the corner of Whitley Road and Dunearn Road. “There is a possibility of a higher plot ratio being simply permitted on the area, like 1.6 or 2.1, such that a taller property may be developed there to work as a site for the intersection.”
In its claim, SLA and URA say the redevelopment of the site for non commercial use will “sustain future real estate need and enhance the residential style of the precinct”.
The location is located less than a five-minute drive from the Singapore Botanic Gardens. It is additionally near academic institutions consisting of Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.