Singapore Turf Club closure could field 30,000 new homes
Lee Sze Teck, senior supervisor of research at Huttons Asia, monitors that although the 120-ha site may be too small to be sorted as a new standalone township, it will certainly expand the already developed Woodlands HDB community. He predicts approximately 30,000 brand-new houses can be established on the land parcel.
Lee also says that a stimulant is required to push Woodlands forward as a regional centre, including that the closure of the Singapore Turf Club, founded in 1842, will offer city organizers the space to rethink how to position Woodlands for the coming future.
The western end of the land parcel with Turf Club Avenue may be start for “low-rise condominiums or landed plots as “there are currently existing landed properties at the Jalan Kasau location,” adds Lim. The remainder of the area might be filled out with a blend of nature, sporting activities, F&B, retail industry, and recreation as corresponding land uses to sustain the non commercial uses in the location.
“The revamping of Kranji as a brand-new town will sustain the continuous property development of the Woodlands Regional Centre, which is earmarked as the biggest financial hub in Singapore’s north area,” states Gafoor, including this are going to bolster the workforce to assist industries predicted to grow up on Woodlands, Senoko, Lim Chu Kang and even Sungei Kadut.
An analysis of the current master plan proposes where the long term home development could begin, says Eugene Lim, key director at ERA Realty Network. “Looking at the present surrounding land uses as demonstrated in the Master Plan, housing usages can be incorporated both on eastern and also western sections of the turf club location as a rational expansion of existing domestic uses,” claims Lim.
Prospective redevelopment plannings for the stretching location close to Kranji MRT Station will probably include brand-new public and even exclusive household real estate, public eco-friendly places, business offerings, and also other community services to that North area of Singapore, claims PropNex.
The consultancy approximates that greater than 30,000 brand-new houses could be developed on the site, assuming a gross plot ratio of 2.8 as well as a standard unit measurements of 1,000 sq ft. Nevertheless, the real number will differ based upon the last project plans.
On June 5, the Government introduced that the Singapore Racecourse place in Kranji will must close up by March 2027. The 120-ha area will be used for housing as well as various other projects. PropNex CEO Ismail Gafoor says the move “mirrors the adaptability in the state’s approach to handling land use in Singapore, where land is limited, however there are several competing requirements for space”.
