Balestier Regency Launches Fourth Collective Sale Bid at S$255 Million Guide Price
Balestier Regency, a 72-unit freehold condominium at 4 Jalan Ampas, has entered the market for its fourth collective sale attempt with a guide price of S$255 million. This translates to approximately S$1,473 per square foot per plot ratio (psf ppr) for the 61,931 sq ft site, which carries a Gross Plot Ratio of 2.8 and can yield a maximum gross floor area of 173,407 sq ft.
Guide Price
PSF PPR
Freehold
Tender Close
A Persistent En Bloc Journey
This marks the fourth time Balestier Regency has been put up for collective sale. The most recent attempt in 2022 sought S$218 million but failed to secure the requisite 80 per cent mandate from owners. With property values in the Balestier corridor continuing to appreciate, the sale committee has now raised the asking price significantly to S$255 million, reflecting renewed developer interest in freehold redevelopment sites within mature estates.
Individual owners of three-bedroom units ranging from 1,270 to 1,496 sq ft stand to receive between S$3.28 million and S$3.5 million each if the sale is successful at the guide price. The marketing agent for this exercise is SRI Capital Markets.
Site Potential and Redevelopment Upside
The 61,931 sq ft freehold site carries a Gross Plot Ratio (GPR) of 2.8 under the current Master Plan, yielding a maximum gross floor area of 173,407 sq ft. A successful acquirer could potentially develop up to 161 residential units on the site, subject to planning approval. The estimated land betterment charge payable to the state is approximately S$381,181.
Balestier Regency sits in a well-connected neighbourhood near Shaw Plaza, Zhongshan Mall, and the Whampoa food and retail precinct. The site is just minutes from the Novena healthcare and commercial hub, making it attractive to developers targeting the mid-to-upper segment of the private residential market.
Collective Sale Market Context
The renewed attempt comes amid a broader revival in Singapore’s collective sale market, where developers have been actively seeking freehold redevelopment sites in established neighbourhoods. Sites with strong locational attributes and manageable land costs continue to draw competitive bids, particularly in districts where new launch supply remains limited.
The tender for Balestier Regency closes on 9 July 2026, giving interested developers roughly two months to evaluate the site and submit bids. Market watchers will be monitoring whether the S$1,473 psf ppr land rate attracts serious interest, given comparable transactions in the Balestier-Novena belt over the past year.
Frequently Asked Questions
What is the guide price for Balestier Regency collective sale?
The guide price is S$255 million, which works out to approximately S$1,473 per square foot per plot ratio (psf ppr) for the 61,931 sq ft freehold site.
How much will each owner receive if the sale is successful?
Owners of three-bedroom units (1,270 to 1,496 sq ft) can expect to receive between S$3.28 million and S$3.5 million each at the guide price.
When does the tender close?
The public tender closes on 9 July 2026. Interested developers have approximately two months to evaluate and submit their bids.
How many units can be built on the site?
Based on the maximum gross floor area of 173,407 sq ft allowed under the current GPR of 2.8, a developer could potentially build up to 161 residential units on the site.
Why did the previous collective sale attempt fail?
The 2022 attempt at S$218 million failed because the sale committee was unable to achieve the 80 per cent consent threshold required from owners to proceed with the collective sale.
Source: The Straits Times, 5 May 2026. This article has been rewritten and adapted by AsianPrime Properties for educational and informational purposes.
Considering a Collective Sale or New Launch Investment?
Our team tracks every en bloc opportunity and new development launch across Singapore.