Balestier Regency, a freehold condominium in District 12, launched its fourth collective sale attempt on May 4, 2026, with a guide price of $255 million [1, 2]. The site consists of 72 units spread over a single 10-storey block completed in 1990 on a 61,931 sq ft plot [1, 2]. The site's gross plot ratio of 2.8 allows for about 173,407 sq ft of gross floor area [1, 2].
The current sale guide price equates to a land rate of approximately $1,473 per square foot per plot ratio, including a land betterment charge of roughly $381,181 [1, 2]. Owners of three-bedroom flats sized between 1,270 sq ft and 1,496 sq ft stand to receive between $3.28 million and $3.5 million each if the sale goes through [1].
Previous collective sale attempts failed to secure the 80% consent mandate. The first attempt in 2013 failed due to insufficient consent, the second in 2018 at a $218 million guide price found no buyer, and the third in 2022 again failed to meet the mandated threshold [1, 2].
If redeveloped, Balestier Regency could yield up to 161 residential units, subject to the necessary planning approvals [1, 2]. The condominium is located near Shaw Plaza, Zhongshan Mall, Whampoa Market and Food Centre, and is a short drive from the Novena precinct [1, 2].
Low Choon Sin, managing partner of SRI Capital Market, said the redevelopment "will reinforce the ongoing transformation of the Balestier enclave into a more mixed-use, lifestyle-oriented precinct, balancing its historical character with emerging residential trends and a refreshed commercial scene" [1]. He also noted that developer interest is expected to remain robust, supported by favorable market dynamics, with District 12 having few recent new launches and a dwindling supply of unsold units [2].
The public tender for the collective sale will close on July 9, 2026, at 3 p.m., marking the next key milestone in the sale process [1].
