Balestier Regency Relaunched for 4th En Bloc Sale Bid at S$255 Million

TopBroker Insights | Singapore En Bloc & Residential Investment Watch

Project Overview

Balestier Regency, a freehold residential development in District 12, has been launched
for collective sale at a guide price of approximately S$255 million.
The development comprises a single 10-storey residential block with 72 apartments
and sits on a site of about 61,931 sq ft.

Based on the reported guide price, the land rate works out to about
S$1,473 psf per plot ratio, inclusive of an estimated land betterment charge.
The site has a high baseline, which helps keep additional land charge exposure relatively contained.

Redevelopment Potential

Subject to planning approvals, the site may potentially be redeveloped into a new residential
project with up to approximately 161 residential units. With its freehold tenure
and city-fringe location, the site could appeal to developers seeking compact redevelopment
opportunities in mature estates.

Location & Connectivity

The property is located within the Balestier area, a mature residential and commercial precinct
with access to food, retail, medical services and lifestyle amenities. Nearby conveniences include
Shaw Plaza, Whampoa Market & Food Centre and established neighbourhood facilities.

The area continues to evolve as a mixed-use lifestyle precinct, supported by its proximity to
Novena, Toa Payoh, Boon Keng and the wider city-fringe residential market.

Market Context

The collective sale market has become more selective, with developers paying closer attention
to site size, land rate, planning risk, construction cost and end-sale pricing. However, freehold
city-fringe sites remain attractive where pricing, location and redevelopment potential align.

Recent benchmark sales in nearby areas suggest continued buyer interest in well-located new
homes, especially in mature estates with limited future supply.

TopBroker View

Balestier Regency’s fourth attempt reflects a broader trend: owners of ageing freehold developments
are revisiting en bloc opportunities as replacement costs rise and developers continue to seek
well-positioned land parcels.

For developers, the key considerations will likely include achievable selling price, unit mix,
construction timeline, land betterment charge exposure and confidence in demand for new freehold
homes in District 12.

Disclaimer: This article is for general market commentary only and does not constitute legal,
financial or investment advice. Readers should conduct their own due diligence before making
any property decision.