Singapore Turf Club closure could field 30,000 new homes
An analysis of the current master plan suggests where the potential home project might break ground, states Eugene Lim, essential executive officer at ERA Realty Network. “Looking at the current neighboring land uses as shown in the Master Plan, residential usages can be included both on eastern as well as western parts of the turf club site as a rational expansion of existing non commercial usages,” claims Lim.
Lee Sze Teck, top supervisor of research at Huttons Asia, monitors that though the 120-ha site might be too compact to be categorised as a new standalone township, it will extend the already mature Woodlands HDB neighborhood. He predicts up to 30,000 new residences might be developed on the land parcel.
On June 5, the Government introduced that the Singapore Racecourse place in Kranji will have to close by March 2027. The 120-ha site will be utilized for real estate and also other properties. PropNex CEO Ismail Gafoor states the move “reflects the adaptability in the government’s approach to taking care of land use in Singapore, where real estate is scarce, but there are lots of competing demands for location”.
The consultancy estimates that greater than 30,000 new homes could be developed on the location, presuming a gross plot ratio of 2.8 as well as a standard unit dimension of 1,000 sq ft. However, the real number is going to differ based on the final development plans.
Prospective redevelopment plans for the sprawling site beside Kranji MRT Station will likely add new public and even nonpublic non commercial housing, public environment-friendly spaces, business offerings, and various other social work to that North area of Singapore, claims PropNex.
“The revamping of Kranji as a brand-new neighborhood will certainly uphold the continuous property development of the Woodlands Regional Centre, which is earmarked as the largest financial center in Singapore’s north location,” claims Gafoor, adding this are going to boost the labor force to assist industries forecasted to grow up on Woodlands, Senoko, Lim Chu Kang along with Sungei Kadut.
Lee also states that a stimulant is required to move Woodlands onward as a regional centre, adding that the closure of the Singapore Turf Club, established in 1842, will certainly give urban planners the area to rethink just how to position Woodlands for the future.
The western side end of the land parcel along Turf Club Avenue might be start for “low-rise apartments or landed plots as “there are already presenting landed properties at the Jalan Kasau area,” adds Lim. The rest of the site could be filled in with a mix of nature, sports, F&B, retail, and also recreation as corresponding land uses to sustain the residential usages in the location.