Raffles Town Club Land to be Reclaimed for Residential Redevelopment by October 2026: A Transformative Initiative in Urban Development

Raffles Town Club Land to be Reclaimed for Residential Redevelopment by October 2026: A Transformative Initiative in Urban Development

In a significant announcement on Monday (Nov 20), the Singapore Land Authority (SLA) and Urban Redevelopment Authority (URA) declared that the lease for the esteemed Raffles Town Club's current premises, located at 1 Plymouth Avenue near Stevens MRT Interchange, will not be renewed upon its expiration on Oct 17, 2026. The prime land earmarked for future residential development is poised to contribute to meeting the escalating demand for housing in Singapore.

In a joint statement, the authorities emphasized the strategic significance of the redevelopment, citing its role in bolstering housing supply, enhancing the residential ambiance of the precinct, and optimizing connectivity to the city and across the island. The move aligns seamlessly with the overarching urban development strategy, focusing on the transformation of brownfield sites—previously developed land parcels—to accommodate the burgeoning land requirements, especially for housing.

The Ministry of National Development had earlier disclosed that nearly half of the sites utilized for public housing projects in the past decade were greenfield, signifying previously undeveloped land. This recent decision underscores the government's commitment to efficiently utilizing existing resources and repurposing developed areas to address the evolving needs of the populace.

Raffles Town Club, a longstanding institution with 14,000 active members since its official opening in March 2000, will see its future determined through engagement with the authorities. The SLA and URA have extended an invitation for open tender discussions regarding the availability of state properties, should the club wish to continue operations post-lease expiration. Alternatively, the club has the option to explore opportunities within the open market.

Real estate experts, including Mr. Eugene Lim, the key executive officer of ERA Singapore, anticipate that the prime location of the site, coupled with its advantageous position at the intersection of Whitley Road and Dunearn Road, will make it a sought-after prospect for private home development. Lim speculates the potential for a higher plot ratio, perhaps reaching 1.6 or 2.1, allowing for a taller and more distinctive development that could serve as a landmark for the intersection. The imminent transformation of this iconic site reflects the dynamism and adaptability inherent in Singapore's urban planning and development landscape.

With a plot ratio of 2.1, the potential for a soaring architectural marvel emerges, allowing structures to reach skyward, scaling up to an impressive 24 storeys. This revelation unfolds in the context of a roughly 132,639 square feet site—a canvas for urban transformation that holds intriguing possibilities. However, Lee Tze Teck, Senior Director for Data Analytics at Huttons Asia, provides a nuanced perspective, suggesting that the site may be designated a more conservative plot ratio of 1.4.

The rationale behind this lies in the context of the site's surroundings, characterized by low-rise developments. In envisioning the future of this space, Lee Tze Teck paints a picture of a prime luxury project taking shape, boasting an estimated 160 to 190 units. The units, with an average size ranging from 85 to 100 square meters, would embody sophistication and modern living.

Speculating on the market dynamics, Lee Tze Teck forecasts a spirited competition for the development rights, with the top bid potentially exceeding S$1,500 per square foot per plot ratio if launched in today's market. This projection underscores the desirability and value associated with the strategic location and development potential of the site. As Singapore's urban landscape continues to evolve, this site stands as a canvas poised for a transformative masterpiece that seamlessly integrates luxury, functionality, and architectural finesse.

In conclusion, the unfolding narrative of the site with a plot ratio of 2.1 reveals a tale of architectural possibilities reaching new heights, with the potential for structures soaring up to 24 storeys. However, amidst this vision of urban grandeur, a nuanced perspective is provided by Lee Tze Teck, Senior Director for Data Analytics at Huttons Asia, suggesting a more conservative plot ratio of 1.4, considering the low-rise developments in its surroundings.

In envisioning the site's future, Lee Tze Teck paints a compelling picture of a prime luxury project, projecting 160 to 190 units of sophistication and modern living, each with an average size ranging from 85 to 100 square meters. The market dynamics, as forecasted by Lee Tze Teck, hint at spirited competition for development rights, with a potential top bid surpassing S$1,500 per square foot per plot ratio in today's market. This projection underscores the intrinsic value and desirability associated with the site's strategic location.

As Singapore's urban landscape continues to evolve, this site emerges as a canvas poised for a transformative masterpiece, seamlessly integrating luxury, functionality, and architectural finesse. The unfolding chapters of this narrative capture not just the physical dimensions of a potential development but also the dynamic interplay between visionary design and the pragmatic considerations of urban planning. In the intersection of these factors lies the promise of a future landmark, contributing to Singapore's ever-evolving skyline.