Raffles Town Club site slated for future residential use after lease expiry in 2026
The location, which evaluates an estimated 132,639 sq ft, lies at 1 Plymouth Avenue in District 11. It is throughout strolling distance of the Stevens MRT Interchange. RTC is going to proceed its business at the area up until the rent expires, whereupon it will be needed to submit the property to the land.
Lee Sze Teck, chief supervisor for information analytics at Huttons Asia, thinks the plot, that is located within a reserved residential enclave, will certainly be brought exclusive real estate. He anticipates the site may be referred a plot ratio of 1.4 offered its nearby low-rise properties. To that extent, it could possibly be developed into a deluxe plan with 160 to 190 units with a regular unit measurements extending from 915 to 1,076 sq ft. If the site launched for tender today, it might draw a winning bid of over $1,500 psf per plot ratio, he assesses.
Eugene Lim, primary executive officer at ERA Singapore, feels that the site might be offered a bigger plot ratio given its site at the corner of Whitley Road and Dunearn Road. “There is a possibility of a higher plot ratio being permitted on the area, like 1.6 or 2.1, such that a taller development might be built there to function as a landmark for the junction.”
The place lies no more than a five-minute drive from the Singapore Botanic Gardens. It is even near to academic institutions including Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.
In its report, SLA and URA mention the redevelopment of the site for residential use will “sustain future housing appeal and enhance the residence style of the district”.
The lease on a plot of property in Bukit Timah presently dwelled in by Raffles Town Club (RTC) will not be renewed as soon as it lapses on Oct 17, 2026. In a Nov 20 announcement, the Singapore Land Authority (SLA) and URA jointly declared that the site is slated for future residential development.
