Nestled along 319 Pasir Panjang Road in District 5, Starpoint has emerged as one of 2025’s most notable collective sale transactions, with the rare freehold condominium commanding a final price of S$55.3 million from buyer Stalford International Education—a figure that exceeded the initial guide price of S$50.5 million by more than 10 percent.
The 10-storey development, completed around 1980, comprises nine condominium units and a detached landed house situated on approximately 37,800 square feet of freehold land.
The transaction reflects a land rate of S$1,429 per square foot per plot ratio, inclusive of a land betterment charge amounting to S$20.3 million. All nine unit owners reached unanimous agreement on the sale, with individual payouts ranging between S$4.8 million and S$10 million—a substantial windfall considering the last unit transacted at S$4 million in 2023.
Stalford International Education, which operates tuition and enrichment businesses across Singapore, has indicated plans to redevelop the site into a hotel, student hostel, or serviced apartment, pending approval from the Urban Redevelopment Authority.
The current residential zoning requires planning permission for any change of use, though the location offers strategic advantages given its proximity to the Greater Southern Waterfront and expanding education and manufacturing districts in the vicinity. The deal was brokered by ERA group division director Jeremy Chiu.
Starpoint carries architectural significance as the work of Lim Chong Keat, a pioneer architect responsible for several Singapore landmarks.
The development features distinctive hexagonal architecture and was originally conceived as a purpose-built family-and-friends project.
Units are larger two-bedroom configurations spanning 1,100 to 1,200 square feet, with facilities including a car park and driving range.
The gross floor area totals approximately 4,916 square meters across the 3,512-square-meter land parcel.
The transaction signals renewed momentum in Singapore’s en bloc market following subdued activity during 2023 and 2024. This uptick in collective sale interest comes as the government continues to release strategic land parcels through its GLS program, supporting future residential and commercial developments across the island. While Singapore’s commercial real estate market faces ongoing challenges with vacancy rates at 8.1% in Q1 2025 and continued corporate caution amid global economic uncertainties, the residential sector continues to attract developer interest for land bank replenishment.
Starpoint joins a handful of significant collective sales for 2025, alongside projects such as Thomson View and River Valley Apartments.
The deal demonstrates continued developer appetite for land bank replenishment, particularly freehold plots in western Singapore near identified growth hubs.
For owners of similar vintage freehold properties in mature residential districts, the Starpoint sale underscores enduring market demand for boutique, well-positioned land parcels with perpetual tenure.
