SINGAPORE: What might the 120 hectares of land that the Singapore Racecourse in Kranji currently sits on be used for?last race meeting at the racecourseIt will be redeveloped and used for housing, including public housing, and the government is also studying other potential uses, including leisure and recreation.
The land area is larger than the 93ha Bidadari estate, although smaller than Housing and Development Board townships – the smallest, Jurong East, spans 384ha. The average attendance per race day has declined significantly, from 11,000 in 2010 to about 6,000 in 2019. After the reopening of the racecourse in 2022, the average attendance was about 2,600 spectators per race day, said Ms Indranee.
"In terms of infrastructure, the area is already served by Kranji MRT station and the BKE ," he said.Besides being near the Kranji MRT station, the site is also close to the Causeway, which could be attractive to those who commute over the Causeway often, said Ms Tricia Song, CBRE's head of research for Southeast Asia.
"Over at the Western end along Turf Club Avenue, we envisage land could be set aside for low-rise condominiums or landed plots as there are already existing landed properties at the Jalan Kasau area."While some work may need to be done to shield homes from industrial land, this can be"easily overcome" with the placement of non-residential buildings to create the necessary buffer, said Huttons' Mr Lee.
Other potential uses could include hotels or high-tech farms, said Dr Lee Nai Jia, PropertyGuru Group's head of real estate intelligence, data and software solutions.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: asiaonecom - 🏆 10. / 59 Read more »
Source: thenewpaper - 🏆 7. / 63 Read more »