<p>SINGAPORE (EDGEPROP) - On June 5, the Government announced that the Singapore Racecourse site in <a href="https://www.edgeprop.sg/industrial/kranji-road?utm_source=website&amp;utm_medium=article&amp;utm_campaign=ONPAGESEO" target="_blank" rel="noreferrer noopener">Kranji</a> will have to close by March 2027. The 120-ha site will be used for housing and other developments. PropNex CEO Ismail Gafoor says the move “reflects the adaptability in the government’s approach to managing land use in Singapore, where land is scarce, but there are many competing needs for space”.</p>
<p>Potential redevelopment plans for the sprawling site beside Kranji MRT Station will likely add new public and private residential housing, public green spaces, commercial offerings, and other community services to that Northern region of Singapore, says PropNex. <em><a href="https://www.edgeprop.sg/commercial?utm_source=website&amp;utm_medium=article&amp;utm_campaign=ONPAGESEO" target="_blank" rel="noreferrer noopener">(Find Singapore commercial properties with our commercial directory)</a></em>The  consultancy estimates that more than 30,000 new homes could be built on the site, assuming a gross plot ratio of 2.8 and an average unit size of 1,000 sq ft. However, the actual number will vary based on the final development plans</p>