Pasir Panjang Freehold Site Launches Collective Sale at $50.5 Million

Pasir Panjang Freehold Site Launches Collective Sale at $50.5 Million; Guide Works Out to About $1,340 Per Square Foot Per Plot Ratio

Collective Sale | District 5

Starpoint 319, a freehold residential site in Pasir Panjang, has launched for collective sale at $50.5 million. The guide translates to roughly $1,340 psf ppr inclusive of any land betterment charge, with scope for a new private apartment scheme or serviced residence concept (subject to approvals).

Freehold • District 5 Guide: $50.5m ~$1,340 psf ppr (incl. LBC) Indicative GFA ~52,900 sq ft Agent: ERA Realty
1980
Ten-storey tower + landed house
Residential
Existing zoning
~49 units
Indicative private apts*
~98 keys
Serviced/student option*
*High-level scheme studies shared by the marketing agent; final outcomes remain subject to statutory approvals and detailed design.

What Is on the Market

Starpoint 319 is a freehold residential property in District 5 (West Coast / Pasir Panjang) comprising a ten-storey tower block and a landed house, completed in 1980 and attributed to pioneering architect Lim Chong Keat. The site is zoned for residential use.

  • Guide price: $50.5 million
  • Implied pricing: ~$1,340 psf ppr (inclusive of any land betterment charge)
  • Indicative buildable space: around 52,900 sq ft GFA (subject to approvals)
  • Marketing agent: ERA Realty

Redevelopment Possibilities

  • Private apartments: ~49 units assuming an average apartment size of 100 sqm.
  • Serviced residence / student hostel: ~98 keys assuming an average unit size of 50 sqm.
All yields, mix and efficiencies are indicative only and dependent on planning parameters, site constraints and design development.

Market Context and Nearby Benchmarks

Pasir Panjang has seen a handful of successful collective sales in recent years, underscoring interest in freehold plots along the city fringe and West Coast growth corridor:

  • Gloria Mansion (2022): sold for $70.3 million to a consortium led by Fraxtor Capital.
  • Flynn Park (2021): transacted for $371 million to Hoi Hup Realty and Sunway.

Why This Launch Matters

  • Freehold scarcity: Tight supply provides long-term value and flexibility for future owners.
  • Right-sized quantum: The guide psf ppr is pitched to balance current construction costs with a bite-sized redevelopment scale.
  • Locational fundamentals: Established residential enclave with proximity to western business and education nodes.

Key Points at a Glance

  • Freehold site in Pasir Panjang; ten-storey tower + landed house (built 1980).
  • Guide: $50.5 million (about $1,340 psf ppr, including land betterment charge).
  • Potential: ~49 apartments or ~98 serviced/student units (subject to approvals).
  • Launch follows Gloria Mansion and Flynn Park collective sales in the wider locale.

Compare listings

Compare