Singapore Turf Club closure could field 30,000 new homes
An evaluation of the current master plan recommends where the future household project might begin, states Eugene Lim, major executive officer at ERA Realty Network. “Looking at the existing surrounding land uses as demonstrated in the Master Plan, non commercial usages may be integrated both on eastern and also western parts of the turf club location as a sensible expansion of present non commercial usages,” claims Lim.
The western end of the land parcel along Turf Club Avenue could be start for “low-rise condominiums or landed plots as “there are actually presenting landed residential properties at the Jalan Kasau area,” includes Lim. The rest of the site might be completed with a mix of nature, sporting activities, F&B, retail, and also leisure as corresponding land uses to help the non commercial usages in the place.
On June 5, the Government introduced that the Singapore Racecourse site in Kranji will have to close by March 2027. The 120-ha site is going to be used for housing and also other properties. PropNex chief executive officer Ismail Gafoor says the move “mirrors the versatility in the state’s strategy to managing land use in Singapore, where land is scarce, yet there are many contending demands for space”.
The consultancy approximates that more than 30,000 brand-new homes could be developed on the location, assuming a gross plot ratio of 2.8 and a normal unit dimension of 1,000 sq ft. Nevertheless, the true number will vary based on the final development plans.
Lee also says that a catalyst is required to move Woodlands forward as a regional centre, adding that the closure of the Singapore Turf Club, established in 1842, will certainly provide urban coordinators the space to reassess just how to position Woodlands for the future.
Lee Sze Teck, senior executive of research at Huttons Asia, sees that although the 120-ha location could be too compact to be categorised as a new standalone township, it will extend the already developed Woodlands HDB neighborhood. He predicts approximately 30,000 brand-new houses could be established on the land parcel.
“The revamping of Kranji as a brand-new community will sustain the continuous development of the Woodlands Regional Centre, which is allocated as the largest financial hub in Singapore’s north area,” claims Gafoor, adding this will boost the workforce to assist sectors projected to grow up on Woodlands, Senoko, Lim Chu Kang along with Sungei Kadut.
Potential redevelopment plans for the sprawling location beside Kranji MRT Terminal will most likely include new public and even exclusive residential real estate, public eco-friendly areas, industrial offerings, and also other social work to that North area of Singapore, states PropNex.