Residential tower Starpoint in Pasir Panjang sold for S$55.3 million to Stalford International Education

[SINGAPORE] Starpoint, a freehold residential development in Pasir Panjang, has been sold for S$55.3 million to education service provider Stalford International Education.

This translates to a land rate of S$1,429 per square foot per plot ratio (psf ppr) for the 37,797 sq ft site, which factors in a land betterment charge of around S$20.3 million to maximise the plot ratio of 1.4, marketing agent ERA said on Tuesday (Nov 25). 

All nine of the unitholders in the project agreed to the collective sale. They will each get between S$4.8 million and S$10 million. 

Stalford International Education, which runs tuition centres, enrichment classes and preparatory courses for international students, is looking to redevelop the site into a hotel, student hostel or serviced apartment, subject to permission from the Urban Redevelopment Authority. Currently, the District 5 freehold site is zoned residential. 

The site was first put up for collective sale in September this year at a guide price of S$50.5 million. The new buyer is purchasing the site at more than 10 per cent above the minimum reserve price. 

Starpoint comprises a 10-storey residential tower and a detached landed house, both designed in a distinctive hexagonal shape. The development was built by pioneer architect Lim Chong Keat in the 1970s for his family and friends.

Lim designed some of Singapore’s most iconic buildings, including UOB Plaza, the former DBS Tower in Shenton Way and Jurong Town Hall. 

“We envisage the new development in the Pasir Panjang-Science Park enclave to rejuvenate the precinct’s existing charm (and) embody a best-in-class ‘live-work-play’ lifestyle,” said ERA group division director Jeremy Chiu, who brokered the deal.  

“With the Greater Southern Waterfront taking shape and Singapore’s advanced manufacturing and education districts expanding, this area is poised for transformation.” 

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Pasir Panjang freehold residential property up for en bloc sale at S$50.5 million

The last major residential en bloc deal that was sealed was in July 2025 – the S$810 million sale of Thomson View to UOL and CapitaLand Development.

In September, Chiku Mansions, a four-storey walk-up block with nine apartments, was sold for more than S$22 million. Another four-storey walk-up, River Valley Apartments, was sold for S$56 million in February.