Starpoint 319 in Pasir Panjang Put Up for En Bloc Sale at S$50.5 Million

A freehold residential property at 319 Pasir Panjang Road, known as Starpoint 319, has been launched for collective sale at S$50.5 million, according to ERA Realty. Built in 1980 by architect Lim Chong Keat, the property comprises a 10-storey tower and a landed house with nine units in total.

Development Potential

• Site area: 37,800 sq ft

• Zoning: Residential

• Plot ratio: 1.4

• Redevelopment potential:

  • 49 private apartments (assuming 100 sqm/unit)

  • OR 98 service apartment suites/student hostel rooms (assuming 50 sqm/unit)

The guide price of S$1,340 psf ppr includes land betterment charges and allows redevelopment of up to 52,900 sq ft gross floor area.

Owner Payouts
Owners could receive between S$4 million and S$7 million per unit, depending on size and share value.

Market Context
The most recent successful en bloc in the area was Gloria Mansion, sold in 2022 for S$70.3 million. Prior to that, Flynn Park was sold for S$371 million (S$1,355 psf ppr) in 2021.
Meanwhile, Island View (309,543 sq ft, 72 units) was re-listed in 2024 at S$532 million, or S$1,542 psf ppr, but remains unsold.