Raffles town club parking

[13177]

On 11/21/2023 at 6:50 PM, 107fan said:

I think no chance to ever see a Stevens HDB.

Why no chance? You see the old turf city also have plans to build HDB right. 

[13177]

On 11/22/2023 at 9:44 AM, ER-3682 said:

If HDB built there..all the Condos & Landed Properties there..Value drop 30%.

Why drop le. You see HDB prices for new BTO and resale not cheap liao. If HDB there next time can sell millions, then private there price will become even higher lo. 

[Ct3833]

On 11/22/2023 at 9:44 AM, ER-3682 said:

If HDB built there..all the Condos & Landed Properties there..Value drop 30%.

If HDBs are built there , HDB new transaction price will be 2.5 mil per unit, condos and landed there will be up by anlther 30%😄

Edited November 22, 2023 by Ct3833

[Blueray]

RTC land size is only around 130k sf, iirc, too small for a regular HDB project.

and its just opposite SCGS, confirm within 1km, private developers will sure want to bid one. 

[inlinesix]

On 11/22/2023 at 9:58 AM, Ct3833 said:

If HDBs are built there , HDB new transaction price will be 2.5 mil per unit, condos and landed there will be up by anlther 30%😄

No la

GST will go up another 2%🤭

MOP 20 years

[ER-3682]

On 11/22/2023 at 9:52 AM, 13177 said:

Why drop le. You see HDB prices for new BTO and resale not cheap liao. If HDB there next time can sell millions, then private there price will become even higher lo. 

Because those Rich Atas People in Bukit Timah..won't like Normal Citizens..near the place they stayed..esp those Rich Indonesians..

[serenade]

Reinstatement works 7 digits cost as there are 3 levels of basement car park to make good and deep piles to remove (if required). 

On 11/22/2023 at 9:48 AM, Kar_lover said:

Most likely will have to cos the next proposed use will be completely different so they need to start from the ground up. If RTC doesn't pay then the next person needs to pay. Reinstatement cost can easily reach 6 figures. 

 

[Kar_lover]

On 11/22/2023 at 10:39 AM, serenade said:

Reinstatement works 7 digits cost as there are 3 levels of basement car park to make good and deep piles to remove (if required). 

 

Wah in that case gg already.... Oh and i believe sure got Electrical Substation on premise. SP charge to decomm and remove the ESS will be another near $100k also...

[Mockngbrd]

orbi quack

[Jellandross]

On 11/21/2023 at 2:09 PM, Watwheels said:

All these clubs are just outdated. Ask yourself who goes to the turf club and country clubs?

 

Rich boomers with allergies of breathing the same air as ordinary sweaty peasants.

[inlinesix]

On 11/22/2023 at 10:39 AM, serenade said:

Reinstatement works 7 digits cost as there are 3 levels of basement car park to make good and deep piles to remove (if required). 

The club need to accrue reinstatement cost.  This question will come out during AGM.

[Benarsenal]

I just find it a horrendous waste that Singapore keeps tearing down places that are only 10-20 years old.

Really difficult to build any heritage like this. And also very bad forward planning.

[Mkl22]

On 11/22/2023 at 5:32 PM, Benarsenal said:

I just find it a horrendous waste that Singapore keeps tearing down places that are only 10-20 years old.

Really difficult to build any heritage like this. And also very bad forward planning.

This place is 30years old. Many industrial buildings also have 30-40years leases. 
some heritage sites are good but too many is also a tough job to maintain. 
in the end, there has to be some time limit for the lease. In order to give the flexibility for repurposing land. 

[ER-3682]

On 11/22/2023 at 8:02 PM, Benarsenal said:

I just find it a horrendous waste that Singapore keeps tearing down places that are only 10-20 years old.

Really difficult to build any heritage like this. And also very bad forward planning.

What waste.?The whole Rochor Centre also gone after 40 Years.

[Mockngbrd]

On 11/22/2023 at 8:02 PM, Benarsenal said:

I just find it a horrendous waste that Singapore keeps tearing down places that are only 10-20 years old.

Really difficult to build any heritage like this. And also very bad forward planning.

no ah, LKY house still there. Next time can be mausoleum. 

[Benarsenal]

On 11/22/2023 at 8:19 PM, Mkl22 said:

This place is 30years old. Many industrial buildings also have 30-40years leases. 
some heritage sites are good but too many is also a tough job to maintain. 
in the end, there has to be some time limit for the lease. In order to give the flexibility for repurposing land. 

RTC opened in 2000 leh. By the time lease is up in 2026 is only 26 years.

There are others too. Kranji Turf Club opened in 1999, close next year (25 years). JCube 11 years. Budget Terminal 6 years.

[Mkl22]

On 11/22/2023 at 6:05 PM, Benarsenal said:

RTC opened in 2000 leh. By the time lease is up in 2026 is only 26 years.

There are others too. Kranji Turf Club opened in 1999, close next year (25 years). JCube 11 years. Budget Terminal 6 years.

errr, you can only start development when you own the land. 1996-2000 you need to build the damn buildings right? 30years lease la.

[Volvobrick]

On 11/22/2023 at 9:46 AM, Mkl22 said:

Hdb will be in areas you never thought of. The current thinking is better integration of society. 

Like at Ridout Road? I heard got spare land....