Singapore Turf Club closure could field 30,000 new homes
On June 5, the Government announced that the Singapore Racecourse place in Kranji will need to close by March 2027. The 120-ha area will be used for real estate as well as various other projects. PropNex chief executive officer Ismail Gafoor mentions the step “mirrors the flexibility in the government’s approach to taking care of land use in Singapore, where land is scarce, but there are numerous contending requirements for location”.
The western end of the land parcel with Turf Club Avenue might be start for “low-rise condominiums or landed plots as “there are already existing landed residential properties at the Jalan Kasau location,” adds Lim. The rest of the site might be filled out with a blend of nature, sporting activities, F&B, retail, as well as recreation as complementary land uses to support the household uses in the area.
Possible redevelopment deals for the stretching location close to Kranji MRT Terminal will likely include brand-new public and exclusive household housing, public green spaces, commercial offerings, and various other community services to that Northern area of Singapore, says PropNex.
Lee additionally claims that a driver is needed to move Woodlands ahead as a regional centre, including that the closure of the Singapore Turf Club, founded in 1842, will offer city organizers the space to reassess how to position Woodlands for the coming future.
An evaluation of the present master plan recommends where the future residential development could break ground, says Eugene Lim, major executive officer at ERA Realty Network. “Looking at the current neighboring land uses as shown in the Master Plan, housing uses might be integrated both on eastern and western sections of the turf club area as a rational expansion of existing residential uses,” claims Lim.
“The revamping of Kranji as a brand-new neighborhood will certainly support the ongoing property development of the Woodlands Regional Centre, which is allocated as the biggest economic center in Singapore’s north region,” states Gafoor, including this are going to strengthen the labor force to sustain industries projected to sprout up on Woodlands, Senoko, Lim Chu Kang and even Sungei Kadut.
Lee Sze Teck, senior executive of research at Huttons Asia, monitors that although the 120-ha site could be too compact to be sorted as a brand-new standalone township, it will expand the already developed Woodlands HDB community. He assesses approximately 30,000 brand-new houses can be developed on the land parcel.
The consultancy approximates that greater than 30,000 new residences might be developed on the location, thinking a gross plot ratio of 2.8 and a standard unit dimension of 1,000 sq ft. However, the actual number will differ based upon the final property development plans.