Raffles Town Club site slated for future residential use after lease expiry in 2026
Singapore Condo offers an incredible investment opportunity for those looking for a luxurious property. Such properties provide numerous benefits such as high rental yields, low maintenance costs, potential capital gains and lesser taxes. Furthermore, the location of these apartments makes them even more attractive. With these features, investing in a Singapore Condo is definitely a great decision.
The Singapore Land Authority (SLA) and Urban Redevelopment Authority (URA) announced on Nov 20 that 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. Measuring approximately 132,639 sq ft, the location at 1 Plymouth Avenue in District 11 is within walking distance of the Stevens MRT Interchange.
Lee Sze Teck, senior director for data analytics at Huttons Asia, suggests that when the lease expires, the site will likely be sold for private housing and may be ascribed a plot ratio of 1.4 due to the surrounding low-rise development. This could result in the potential for a luxury project of 160 to 190 units, each with average unit size of 915 to 1,076 sq ft. He believes if the site was to launch for tender today, it could generate a winning bid of over $1,500 psf per plot ratio.
Eugene Lim, key executive officer at ERA Singapore, suggests the plot ratio could be higher due to the site’s location at the corner of Whitley Road and Dunearn Road. Lim proposes a higher plot ratio of between 1.6 and 2.1 might be granted in order to facilitate a taller development that may serve as a landmark for the junction.
The site itself is within a private residential enclave and is a five minute drive to the Singapore Botanic Gardens. It is alsonearby to reputable schools such as Singapore Chinese Girls’ School, Nanyang Primary School and St Joseph’s Institution. Recent condo resale transactions within a 500m-radius of Raffles Town Club (Source: EdgeProp LandLens) offer insight into the demand for residential property in the area.
In response to the announcement, SLA and URA issued a statement saying the redevelopment of the site for residential use will “support future housing demand and enhance the residential character of the precinct”. RTC will continue its operations at the site until the lease expires, upon which they will be required to return the land to the state.
The redevelopment of the Raffles Town Club site for residential use is set to significantly enhance the area. Evidence of the high demand for residential property in the locality, as well as the benefit of a potentially increased plot ratio and a landmark development, bodes well for the expected success of the proposed project.
Modern Luxury and Convenience: Braddell Heights Estate’s Newest Detached House
For a modern and luxurious landed home in a prime location, prospective homeowners should consider ‘The Courtyard’ by JG Land, a brand-new detached house in Braddell Heights Estate, District 13. Nestled in a low-density residential neighborhood, this contemporary home at 251 Wolskel Road is within close proximity to a plethora of amenities – three MRT stations nearby, as well a range of prestigious primary schools within 1-2km radius.
This spacious two storey home with an attic is situated on a 4,150 sq ft plot, with a total built-up area of 5,970 sq ft, and offers a car porch for two to three cars and a private swimming pool. Its competitive price of $10.6 million or $2,554 psf based on the land area makes this a desirable investment.
Mindfully designed, this stunning home features an efficiently laid out ground floor with a spacious living room that connects to the swimming pool, a well-appointed dry kitchen connected to the dining area, and a wet kitchen leading to a backyard. Privacy is ensured on the second floor and the attic, where the bedrooms and living quarters are situated. It features an en suite master bedroom with a walk-in wardrobe and study corner, two en suite bedrooms, and a family area.
The attic offers an en suite junior master bedroom with a walk-in wardrobe and study area, as well as two additional en suite bedrooms and access to an open roof terrace. Natural light is allowed into all parts of the house during the day through a pocket area, cooled by a landscaped water feature pond on the ground floor.
Investing in a luxury Condo in Singapore is a lucrative decision that boasts many benefits. For instance, potential capital appreciation, increased rental yields, low maintenance fees and taxes are just a few of the advantages. Additionally, with the remarkable facilities and amenities available, condominiums have become increasingly sought after by investors and tenants alike. In short, a luxury condominium in Singapore is an investment that is capable of delivering excellent returns.
This modern detached house in Braddell Heights Estate embodies the epitome of contemporary living with a minimalist architectural style, subtle color palette, and thoughtful details. If you’re looking for luxury, convenience, and a harmonious blend of both, this is the perfect opportunity for you. Arrange for a private viewing with Brenda today and make your dreams a reality.
Debut of first Edition hotel in Singapore and Southeast Asia
on PropertyGuru.
The Singapore Edition is the first of its kind in the city-state and Southeast Asia. Situated in prime district 10, the development features a 204-room hotel, 154 luxury residences, and several event spaces. The development features a double frontage along Orchard Boulevard and Cuscaden Road. With a portfolio of 31 brands, Marriott will manage the hotel, while American hotelier and real estate mogul Ian Schrager has collaborated with Hong Kong-based interior design firm Cap Atelier to mastermind the interiors.
. With the demand for luxury living increasing in Singapore, a lot of people have decided to invest in a Singapore Condo. The city’s property market is full of attractive condos that provide owners with a great lifestyle and potential capital appreciation. With the recent surge in prices, condos are becoming increasingly popular since they offer high rental yields and low maintenance fee structures. They also attract investors looking for capital gains, as well as families looking for a comfortable and luxurious living environment. Furthermore, there are attractive tax benefits for owners of condos in Singapore. Furthermore, with a strong economy and positive outlook for the future, Singapore continues to be an ideal investment destination for foreign investors.
Moshe Safdie, the famous architect behind Marina Bay Sands and Jewel Changi Airport, has designed the project. The Singapore Edition is a redevelopment of the former Boulevard Hotel, by a consortium comprising Kwek Leng Beng’s Hong Leong Holdings, Singapore-listed property group City Developments (CDL) and Schrager’s Lea Investments.
The hotel spans six floors with access from Cuscaden Road. Its white-marbled lobby features a gold leaf-covered domed ceiling, while the 284-unit Boulevard 88 soars 28 storeys above the hotel block.
Celebrated Australian chef Josh Niland’s first restaurant outside of Australia, Fysh, is located on the first floor of Singapore Edition. Occupying a 2,680 sq ft space, the seafood-focused steakhouse has a main dining room that can seat 80, an indoor conservatory, and an outdoor pergola that can seat an additional 44 diners. Adjacent to the restaurant is the signature bar, the Punch Room.
The development also features a courtyard garden, leading to an 872 sq ft boardroom and a 6,458 sq ft event gallery with a capacity of 340 guests. The event gallery can be split into three, while the Roof bar offers a 43m swimming pool and landscaped garden. Guests can also enjoy a spa on the second level with seven treatment rooms, his and hers changing suites, sunken vitality thermal pools, an ice fountain, a relaxation lounge, a sauna, and a steam room.
The Singapore Edition soft opened on Nov 9, with room rates from $680+++ a night. The biggest penthouse at Boulevard 88 was sold for $31 million in June, setting a new high for the development. For more information and listings for Boulevard 88 properties, check out PropertyGuru.
Two adjacent landed properties available for sale in Braddell Height Estate
Condominiums in Singapore are becoming increasingly sought after due to their higher potential for financial returns. Generally, a Singapore Condo offers more comfort and convenience than an HDB flat. In addition, the higher appreciation rates for condos makes them attractive to Singaporeans looking to invest in real estate. Many private developers are now introducing new projects to meet the growing demand. As such, prospective buyers can find an abundance of choices that range from affordable to luxury.
In the residential enclave of Braddell Heights Estate, District 13, two adjacent landed properties, a corner-terrace and an inter-terrace, have just gone up for sale. Lumiere by JG Land is located at the strategic junction of Jalan Girang and Jalan Sukachita, nestled within a two-storey mixed landed zoning area.
The corner-terrace property has a generous land area of 2,281 square feet and a substantial built-up area of 5,367 square feet. It has a 2.5-storey structure with a mezzanine, five bedrooms plus one additional room, and modern amenities such as a private lift and a swimming pool. The asking price for this residence is set at $6.85 million, which translates to $1,276 psf based on the built-up area.
The inter-terrace unit, which is adjacent to the corner-terrace, has a land area of 1,617 sq ft and a built-up area of 4,149 sq ft. It is composed of six bedrooms plus one extra room and also comes with a lift. The asking price for this unit is $5.28 million, equating to $1,195 psf based on built-up.
Location-wise, the terraces are conveniently located near two MRT stations within walking distance: the Lorong Chuan MRT (8-min walk) and the Serangoon MRT (10-min walk). The latter also provides direct access to the NEX shopping mall, one of the largest suburban malls in Singapore. Primary schools and international schools such as Yangzheng Primary School, St. Gabriel’s Primary School and Australian International School, are all within a 1km radius.
Architecturally, these terraces feature a unique design that implements cross-ventilation and natural lighting, which is achieved by the incorporation of glass block bridges and skylights. The flexible layout allows for future modifications that homeowners may require. Additionally, the split-level design in both houses allows for the creation of double-volume ceiling spaces, enhancing the sense of spaciousness. Open terraces add valuable outdoor living areas suitable for entertainment, allowing natural light and ventilation to enhance the living environment.
Furthermore, the landed homes are future-proofed with provisions such as private lifts and electric vehicle (EV) charging points, catering to the needs of Singaporeans in the years to come.
For those looking for a landed property, Braddell Heights Estate is a prime choice for ownership in a highly sought-after district. Over the past decade, prices of landed properties in this area have experienced a 60% increase in value, outpacing the national average increase of 49%.
For more information, contact associate group director Catherine Lee 98473817 or senior associate director Avery Lee 88080838 of PropNex Realty Pte. Ltd.
