Starpoint Condo En Bloc Sale 2025

Freehold Pasir Panjang Site Launched for S$50.5 million

Starpoint 319, a freehold residential development in Pasir Panjang, has been launched for collective sale with a guide price of S$50.5 million.

The property, located in District 5 along Singapore’s West Coast, offers significant redevelopment potential and is expected to attract interest from developers seeking prime freehold plots.

Read the Latest News Here: Starpoint Condo Sold En Bloc To Stalford International Education

Key Sale Details of the Starpoint Site

At S$50.5 million, the guide price translates to approximately S$1,340 per square foot per plot ratio (psf ppr), inclusive of a land betterment charge

? Land size: 37,800 sq ft

? Zoning: Residential

? Maximum permissible plot ratio: 1.4

? Potential gross floor area (GFA): ~52,900 sq ft

Owners of the nine units in the development could each receive between S$4 million and S$7 million, depending on the size and share value of their units

Originally built in 1980 by pioneering architect Lim Chong Keat, the development consists of a 10-storey tower block and an adjoining landed house. Its freehold status and redevelopment potential make it a highly attractive offering in today’s collective sale market.

Starpoint Condo Redevelopment Potential

According to ERA Realty, the marketing agent for the sale, Starpoint Condo presents flexible redevelopment opportunities.

? A boutique private residential project of about 49 apartments could be developed, assuming an average unit size of 100 sqm each.

? Alternatively, the site could be redeveloped into a serviced apartment or student hostel project with up to 98 units, based on smaller average unit sizes of 50 sqm.

Jeremy Chiu, Group Division Director at ERA, noted that the site’s size and location offer developers multiple possibilities to reposition the property in line with evolving housing and accommodation needs.

Historical Context of En Bloc Sales in Pasir Panjang

The Starpoint Condo launch follows several notable collective sales in the Pasir Panjang area in recent years:

? Gloria Mansion was sold in 2022 for S$70.3 million to Fraxtor Capital and the Teo family offices.

? Flynn Park was successfully transacted in 2021 for S$371 million to a Hoi Hup–Sunway joint venture, at around S$1,355 psf ppr.

? Island View, a much larger 309,543 sq ft site, was relaunched in 2024 at S$532 million or S$1,542 psf ppr but has not yet been sold

Compared to these larger sites, Starpoint Condo’s smaller scale and lower overall quantum may make it more accessible to a wider pool of developers.

Why This Sale Matters

The launch of Starpoint Condo for en bloc sale is significant for several reasons:

? Freehold tenure: Freehold plots remain scarce in Singapore, adding long-term value.

? Strategic location: The property sits within District 5, near the West Coast and Pasir Panjang MRT, and is in close proximity to the Greater Southern Waterfront development zone.

? Redevelopment flexibility: Developers can target either residential buyers or serviced accommodation demand, catering to both families and transient populations.

? Manageable size: Its smaller land area makes it less risky compared to mega en bloc sites.

Developers are Interested to Well-Located Freehold Site

The collective sale market in Singapore has shown renewed signs of activity in 2025 after a quieter period in 2023 and 2024.

Developers are keen to secure well-located plots to replenish their pipelines, especially freehold land in mature areas.

The outcome of the Starpoint Condo sale will be closely watched as a potential bellwether for smaller-scale en bloc transactions.

Success here may boost confidence among owners of similar boutique developments considering collective sales.

The Starpoint 319 en bloc sale 2025 highlights ongoing interest in freehold collective sale sites in Singapore, particularly in Pasir Panjang and District 5.

With its strategic location, freehold tenure, and redevelopment potential, the property offers a compelling opportunity for developers while providing existing owners with a significant payout.

If the sale proceeds at the guide price, it would reinforce confidence in the collective sale market and underline the enduring appeal of well-positioned freehold sites in Singapore’s evolving property landscape.