Archive for category: Misc

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The Singapore Land Authority (SLA) and the Urban Redevelopment Authority (URA) recently announced that the lease on the Raffles Town Club (RTC) site in Bukit Timah will not be renewed when it expires on Oct 17, 2026. Located at 1 Plymouth Avenue in District 11, and within walking distance of the Stevens MRT Interchange, the 132,639 sq ft site is slated for future residential development with the purpose to “support future housing demand and enhance the residential character of the precinct”.

The RTC will continue its operations at the site until the lease expires, after which it will be required to return the land to the state. Lee Sze Teck, senior director for data analytics at Huttons Asia, believes the plot, which is located within a private residential enclave, will be sold for private housing. He estimates the plot ratio to be 1.4, allowing for development of around 160 to 190 units with an average size of 915 to 1,076 sq ft. A winning bid today, he projests, could be over $1,500 psf per plot ratio.

There may even be a possibility of a higher plot ratio being allowed on the site, according to Eugene Lim, key executive officer at ERA Singapore. A higher plot ratio, such as 1.6 or 2.1, would allow for the construction of a taller building to serve as a landmark for the intersection of Whitley Road and Dunearn Road.

Less than a five-minute drive from the Singapore Botanic Gardens, the site is also close to several schools, including Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution.

Recent condo resale transactions within a 500m radius of the Raffles Town Club (RTC) suggest an average total market price of $1,787 psf and a median total market price of $1,751 psf.

When the lease ends on the RTC site in 2026, it is expected that the housing development constructed on the land will cater to future housing demand, while also preserving the residential character of the precinct. Given its prime location, the development is likely to draw a winning bid of over $1,500 psf per plot ratio with a potential higher plot ratio of 1.6 or 2.1, should the site be granted a higher plot ratio. It is also close to several schools as well as the Singapore Botanic Gardens, and recent resale transactions suggest an average total market price of $1,787 psf and a median total market price of $1,751 psf.

The lease of the Raffles Town Club (RTC) site in Bukit Timah is set to expire on Oct 17, 2026, and the Singapore Land Authority (SLA) and the Urban Redevelopment Authority (URA) have declared the site is slated for future residential development. It measures an estimated 132,639 sq ft and is located at 1 Plymouth Avenue in District 11.

Should the site be granted a higher plot ratio, it would be possible to develop a taller building to serve as a landmark for the intersection of Whitley Road and Dunearn Road. Lee Sze Teck, senior director for data analytics at Huttons Asia, predicts the site may be ascribed a plot ratio of 1.4, with a potential of 160 to 190 units with an average unit size ranging from 915 to 1,076 sq ft.

Recent condo resale transactions within a 500m-radius of Raffles Town Club reveal an average total market price of $1,787 psf and a median total market price of $1,751 psf. RTC will keep operating until the lease ends, after which it must return the land back to the state – allowing for the development of the site to cater to future housing demands while complementing the area’s residential character.