Starpoint, a freehold residential development in Pasir Panjang, has been sold for S$55.3 million to Stalford International Education. The buyer is well known for operating tuition centres, enrichment programmes and international schools. This move is strategic, as the group plans to redevelop the site into either a hotel, student hostel or serviced apartment, subject to approval from the Urban Redevelopment Authority.

The sale works out to a land rate of S$1,429 per square foot per plot ratio (psf ppr). This includes a land betterment charge of about S$20.3 million to optimise the 37,797 sq ft site to its full plot ratio of 1.4. All nine unitholders supported the collective sale and will each receive between S$4.8 million and S$10 million.

The site was first launched for collective sale in September at a guide price of S$50.5 million. Stalford’s final purchase price is more than 10 percent above the minimum reserve price, showing confidence in the Pasir Panjang and Science Park area.

A Look at the Property and Its History

Starpoint stands out because of its distinctive architecture. It consists of a 10 storey tower and a detached landed house, both designed in a hexagonal form by pioneer architect Lim Chong Keat. Lim is known for shaping some of Singapore’s most recognisable buildings such as UOB Plaza, the former DBS Tower in Shenton Way and Jurong Town Hall.

The era of this building and its design language adds character to the plot, but the redevelopment potential is what drove the sale. The freehold zoning and District 5 location, together with the upcoming Greater Southern Waterfront transformation, create clear upside for new concepts such as hospitality or student living.

Why the Buyer Is Positioning for Future Demand

Stalford’s intention to convert the site into a hotel, hostel or serviced apartment lines up with strong demand drivers in the Pasir Panjang and Science Park precinct. This belt is already anchored by business parks, tertiary institutions, research centres and a large student population.

With more global companies expanding into the area, and the Greater Southern Waterfront bringing new jobs, housing and lifestyle amenities, the need for stay options near work and school will only increase. ERA’s division director Jeremy Chiu highlighted this outlook, noting the opportunity to rejuvenate the precinct and support a live work play lifestyle.

Recent En Bloc Activity Shows Growing Confidence

The Starpoint deal adds to a string of successful collective sales in 2025. Thomson View went for S$810 million in July. Chiku Mansions was sold for more than S$22 million in September. River Valley Apartments changed hands for S$56 million in February.

These deals suggest a rising appetite among developers and major buyers for freehold and boutique sites with redevelopment potential. While not every project is successful, the completed transactions reveal real demand for well located plots in established neighbourhoods.

How This Sale Impacts the Pasir Panjang Residential Market

For homeowners and investors studying the area, this transaction reinforces a few points:

• Freehold stock near the Greater Southern Waterfront remains attractive

• District 5 continues to draw interest from institutions and long term investors

• Mixed use concepts such as student housing and hospitality are gaining traction

• Redevelopment of older freehold blocks can uplift the surrounding property values over time

With Science Park, NUS, NUH, Mapletree Business City and One North forming a strong employment hub, Pasir Panjang sits in a strategic corridor that supports both rental demand and capital appreciation.

Where Terra Hill Fits Into the Picture

With attention turning to Pasir Panjang again, many buyers are comparing nearby projects to understand value. Terra Hill is one of the strongest options for those who prefer a ready to move private home without waiting for redevelopment. It is a freehold RCR development just three minutes from the MRT, priced from only S$2,212 psf. For buyers who want something brand new, close to nature, close to the Greater Southern Waterfront and supported by strong transport links, Terra Hill is worth shortlisting.

FAQ

What was the sale price of Starpoint in Pasir Panjang?
S$55.3 million.

How much will each Starpoint owner receive?
Between S$4.8 million and S$10 million.

What is the land rate for the Starpoint sale?
S$1,429 psf ppr.

What is the size of the Starpoint site?
37,797 sq ft.

Who bought Starpoint?
Stalford International Education.

What will the Starpoint site be redeveloped into?
A hotel, student hostel or serviced apartment, subject to approval.

What is the plot ratio of the site?
1.4.

When was Starpoint first launched for collective sale?
September 2025 at a guide price of S$50.5 million.