Raffles Town Club site slated for future residential use after lease expiry in 2026
Eugene Lim, major executive officer at ERA Singapore, believes that the place may be given a bigger plot ratio provided its location at the corner of Whitley Road and Dunearn Road. “There is a possibility of a higher plot ratio being enabled on the area, like 1.6 or 2.1, such that a taller property development may be built there to serve as a landmark for the junction.”
The site, which measures an estimated 132,639 sq ft, stands at 1 Plymouth Avenue in District 11. It is inside walking span of the Stevens MRT Interchange. RTC will definitely proceed its operations at the area until the rent ends, whereupon it will be needed to submit the property to the region.
Lee Sze Teck, top executive for information analytics at Huttons Asia, feels the plot, which lies within a private residence territory, will certainly be yielded private real estate. He predicts the site might be referred a plot ratio of 1.4 given its nearby low-rise property developments. To that degree, it can potentially be turned into a deluxe project with 160 to 190 units with an average unit dimension extending from 915 to 1,076 sq ft. If the site launched for tender today, it could lure a winning proposal of over $1,500 psf per plot ratio, he determines.
The site is located no more than a five-minute drive from the Singapore Botanic Gardens. It is even near to schools including Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
The rent on a plot of land in Bukit Timah at the moment dwelled in by Raffles Town Club (RTC) will most likely not be extended the moment it lapses on Oct 17, 2026. In a Nov 20 report, the Singapore Land Authority (SLA) and URA jointly announced that the area is schedule for future housing property development.
In its claim, SLA and URA say the redevelopment of the site for residence usage will “support future real estate appeal and boost the housing appearance of the precinct”.