Singapore Turf Club closure could field 30,000 new homes
The western side end of the land parcel along Turf Club Avenue could be start for “low-rise condos or landed plots as “there are currently existing landed properties at the Jalan Kasau area,” includes Lim. The rest of the site could be completed with a mix of nature, sports, F&B, retail, and also leisure as complementary land uses to support the residential usages in the area.
An analysis of the present master plan suggests where the future residential project might begin, says Eugene Lim, key executive officer at ERA Realty Network. “Looking at the current surrounding land uses as shown in the Master Plan, residential usages may be integrated both on eastern and also western sections of the turf club area as a sensible extension of present residential uses,” says Lim.
On June 5, the Government introduced that the Singapore Racecourse place in Kranji will need to shut by March 2027. The 120-ha area is going to be utilized for housing and various other developments. PropNex chief executive officer Ismail Gafoor states the move “mirrors the versatility in the state’s strategy to handling land usage in Singapore, where property is scarce, yet there are several competing demands for location”.
Possible redevelopment plans for the stretching site close to Kranji MRT Terminal will most likely include brand-new public and nonpublic non commercial housing, public environment-friendly spaces, commercial offerings, and also other social work to that North region of Singapore, says PropNex.
The consultancy estimates that greater than 30,000 brand-new houses could be constructed on the site, presuming a gross plot ratio of 2.8 and an average unit size of 1,000 sq ft. Nonetheless, the actual number will vary based upon the final project blueprints.
Lee Sze Teck, top supervisor of research study at Huttons Asia, monitors that though the 120-ha location may be too small to be categorised as a new standalone township, it will prolong the already mature Woodlands HDB neighborhood. He predicts as much as 30,000 new homes might be created on the land parcel.
“The revamping of Kranji as a new community will uphold the ongoing development of the Woodlands Regional Centre, which is earmarked as the largest financial hub in Singapore’s north location,” says Gafoor, including this will boost the workforce to support industries projected to develop up on Woodlands, Senoko, Lim Chu Kang and even Sungei Kadut.
Lee also says that a catalyst is required to propel Woodlands onward as a regional centre, adding that the closure of the Singapore Turf Club, founded in 1842, will give metropolitan organizers the space to reconsider just how to set up Woodlands for the future.