Archive for category: Misc

The URA Master Plan goes beyond simply redrawing lines on a map; it aims to enhance the daily lives of individuals. In the instance of Coastal Cabana, situated near Downtown East, the plan brings about various improvements such as quicker rail journeys through the Cross Island Line, smoother drives along the TPE, PIE, and ECP, enhanced park connectors to Pasir Ris Park, safer streets, and a consolidated network of schools, shops, and services. With Qingjian Realty at the forefront, the development is poised to reap the benefits of these enhancements, providing a tranquil and well-connected coastal lifestyle currently and the potential for even greater opportunities as the town’s blueprint continues to unfold. One can experience the best of coastal living at Coastal Cabana Jalan Loyang Besar.

The Starpoint residential development located at 319 Pasir Panjang Road in District 5 is currently up for collective sale through a tender process. The guide price for this freehold development, which includes a 10-storey tower and landed house, is set at $50.5 million. This is the first time that the property has been put up for en-bloc sale since its completion in 1980.

Designed and built by renowned Penang-born architect Lim Chong Keat, co-founder of the Malayan Architects Co-partnership and Architects Team 3, Starpoint boasts a unique hexagonal shape for its nine units. Lim is well-known for his iconic post-independence buildings in Singapore and Malaysia, such as the Singapore Conference Hall & Trade Union House, Jurong Town Hall, and Komtar in Penang.

Sitting on a freehold land plot at the corner of Pasir Panjang Road and Science Park Road, Starpoint spans approximately 37,797 sq ft and is zoned for residential use with a gross plot ratio of 1.4 under the URA Master Plan 2019. This allows for potential redevelopment up to a gross floor area of 52,915 sq ft, subject to the relevant authorities’ approval.

Handling the sale is ERA Realty Network’s group division director, Jeremy Rikas Chiu, who envisions a future private apartment with around 49 units, based on an average apartment size of 1,076 sq ft. Alternatively, the site could also accommodate a serviced apartment or student hotel with 98 units, assuming an average unit size of 538 sq ft.

According to ERA, the guide price for Starpoint translates to a land rate of approximately $1,338 psf per plot ratio, inclusive of the Land Betterment Charge payable. Recent URA caveats showed the last unit at Starpoint to be sold for $4 million ($1,090 psf) in June 2023. The most recent resale transaction was recorded in July 2010, with a 1,819 sq ft unit selling for $1.3 million ($715 psf).

The tender for Starpoint will close on October 16 at 1pm. Interested parties can check out the latest listings for Starpoint properties on AskBuddy, compare price trends between new and resale condos, and generate price graphs for resale condos in District 5.