The flat terrain of the Singapore Racecourse site can easily be adapted for residential and various other uses, according to Mr Eugene Lim, key executive officer of ERA Realty Network. Residential use may extend into the eastern and western parts of the site as an extension of current residential uses, with HDB flats potentially being developed on the eastern side and low-rise condominiums or landed plots on the western end.
NEED FOR MORE FACILITIES
Although some work may be needed to provide adequate protection for homes from industrial land, this is easily overcome by the placement of non-residential buildings to create a necessary buffer, said Mr Lee from Huttons. Mr Ismail Gafoor from PropNex noted that the redevelopment of Kranji along with Woodlands’ new town development as the north’s largest economic hub necessitates more amenities in the Kranji area. A theme park or sporting facilities, hotels or high-tech farms, among others, could also be developed, according to Dr Lee Nai Jia from PropertyGuru Group. The Johor Bahru-Singapore Rapid Transit System Link will be another potential development that could “catalyse the area”.
According to Mogul.sg’s chief research officer, Nicholas Mak, the redevelopment of the Singapore Turf Club is only one part of the larger redevelopment and rezoning for the Kranji and Sungei Kadut area. Water views of the Kranji Reservoir or the Straits of Johor could benefit homes in the area if surrounding industrial land is rezoned for residential and associated uses.
The redevelopment of the Singapore Racecourse site falls into a larger plan to develop the northern region of Singapore, including expanding Woodlands Checkpoint and developing Lim Chu Kang as a high-tech agri-food sector, said Ms Indranee.