SINGAPORE – The land where the Singapore Turf Club in Kranji sits will be returned to the Government by March 2027, making way for housing and other developments in the area.
said Second Minister for Finance and National Development Indranee Rajah at a press conference held at the Ministry of Communications and Information on Monday.The area, covering around 120ha of land, is the size of about 200 football fields and is larger than the whole of Gardens by the Bay, which spans 101 ha.
STC staff will be retrenched in phases starting 16 months from now, in October 2024, said both ministries in the statement. The Government will also work with the Tote Board, STC and other stakeholders to commemorate the heritage of the club and local horse racing. STC chairman Niam Chiang Meng said each race brings in about $400,000, which adds up to $1.1 billion a year currently.This number has fallen from about $2.1 billion in 2010, when the integrated resorts were opened in Singapore.
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