SINGAPORE (EDGEPROP) - The lease on a plot of land in Bukit Timah currently occupied by Raffles Town Club (RTC) will not be renewed when it expires on Oct 17, 2026. In a Nov 20 statement, the Singapore Land Authority (SLA) and URA jointly announced that the site is slated for future residential development.

The site, which measures an estimated 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 continue its operations at the site until the lease expires, upon which it will be required to return the land to the state.

In its statement, SLA and URA say the redevelopment of the site for residential use will “support future housing demand and enhance the residential character of the precinct”.

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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 predicts the site may be ascribed a plot ratio of 1.4 given its surrounding low-rise developments. To that extent, it could potentially be developed into a luxury project with 160 to 190 units with an average unit size ranging from 915 to 1,076 sq ft. If the site launched for tender today, it could draw a winning bid of over $1,500 psf per plot ratio, he estimates.

Eugene Lim, key executive officer at ERA Singapore, believes that the site may be granted a higher plot ratio given its location at the corner of Whitley Road and Dunearn Road. “There is a possibility of a higher plot ratio being allowed on the site, like 1.6 or 2.1, such that a taller development may be built there to serve as a landmark for the intersection.”

The site is located less than a five-minute drive from the Singapore Botanic Gardens. It is also close to schools including Singapore Chinese Girls' School, Nanyang Primary School and St Joseph's Institution.

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