Starpoint Condo Sold En Bloc for $55.3 Million To Stalford International Education
Freehold Pasir Panjang Development Fetches 10% Above Reserve Price
A rare freehold en bloc deal makes headlines
In a market where successful collective sales have become increasingly selective, Starpoint Condo has emerged as a standout transaction, securing an en bloc sale at $55.3 million, about 10% above its reserve price.
The deal not only reflects renewed confidence in freehold redevelopment sites but also highlights the growing appeal of the Pasir Panjang–Science Park corridor as a future live-work-play hub
Starpoint was launched for collective sale by public tender in September with a reserve price of $50.5 million.
The final sale price exceeded expectations, signaling strong interest despite broader market caution.
✨ Key highlights of the deal
?️ Sale price: $55.3 million
? Premium: ~10% above reserve
? Marketing agent: ERA Singapore
? Buyer: Stalford International Education
Key Details of Starpoint Condo
Starpoint sits prominently at 319 Pasir Panjang Road, occupying a corner site fronting Pasir Panjang Road and Science Park Road.
The location places it within easy reach of major arterial roads and near Singapore’s innovation and research belt.
This strategic positioning has made the enbloc site particularly attractive for alternative redevelopment concepts beyond traditional residential use.
Development Profile
Completed in 1980, Starpoint is a freehold residential development comprising:
? A 10-storey tower
? A landed house
? Just nine residential units in total
The boutique scale of the project adds to its exclusivity and redevelopment appeal.
Architectural Significance
Starpoint was designed by the late Lim Chong Keat, a Penang-born architect behind several iconic landmarks in Singapore and Malaysia.
His portfolio includes the Singapore Conference Hall, Jurong Town Hall, and the original DBS Building on Shenton Way, giving Starpoint a distinctive architectural pedigree.
Who Bought Starpoint?
The buyer, Stalford International Education, is linked to the Stalford Education Group, which operates:
? Stalford Learning Centre (tuition chain)
? Stalford Academy (preparatory education)
The acquisition aligns with the group’s long-term expansion strategy in education-related real estate.
Land Size, Zoning and Land Rate Breakdown
The Starpoint site occupies approximately 37,797 sq ft of freehold land zoned for residential use.
? Key land metrics
? Plot ratio: Up to 1.4 (after optimisation)
? Land rate: ~$1,429 psf per plot ratio
? Land Betterment Charge: ~$20.27 million
These figures underscore the site’s redevelopment potential despite additional optimisation costs.
Redevelopment Plans Under Consideration
According to ERA Singapore, the buyer intends to redevelop the site into one of the following, subject to regulatory approvals:
? Potential future uses
? Hotel
? Student hostel
? Serviced apartments
Given its proximity to Science Park and business nodes, the site is well-positioned to support accommodation catering to students, professionals, and short-term stays.
Why This En Bloc Sale Matters
The successful en bloc sale of Starpoint sends a clear signal to the market:
? Freehold sites remain highly sought-after
? City-fringe locations with alternative use potential are gaining traction
? Education and hospitality-linked buyers are becoming more active in redevelopment plays
Industry observers also see the Pasir Panjang–Science Park enclave as a long-term growth area, supported by infrastructure, employment nodes, and urban rejuvenation plans
? En Bloc All Details – Starpoint Condo
? Status: Sold
? Buyer: Stalford International Education
? Sale Price: $55.3 million
?️ Reserve Price: $50.5 million
? Date of Sale: Nov 2025
?️ New Development: Hotel / student hostel / serviced apartments (subject to approvals)
? Tenure: Freehold
? Land Size: 37,800 sq ft
?️ Total Units: 9 units
? Gross Plot Ratio: 1.4
? Gross Floor Area: 52,900 sq ft
? Address: 319 Pasir Panjang Road
? Nearby MRT: Pasir Panjang MRT (Circle Line)
?️ District: 5 (Pasir Panjang / West Coast)
? Marketing Agent: ERA Singapore