The owners of Balestier Regency, at 4 Jalan Ampas in District 12, have launched a collective sale tender for the freehold condominium at a guide price of $255 million. The sale is exclusively marketed by SRI Capital Market. This is the development’s fourth collective sale attempt. The first, in 2013, did not materialise after failing to secure the 80% owners’ consensus. A second attempt was launched in 2018 at a guide price of $218 million and closed without a successful bid. A third attempt in 2021 again fell through at the consent stage, failing to get the required 80% of owners on board. The current guide price of $255 million represents a 17% increase compared to the guide price cited in the 2018 collective sale bid. For the existing 72 owners at Balestier Regency, the guide price of $255 million translates to an average gross payout of roughly $3.54 million per unit. For context, only two resale transactions have been recorded at Balestier Regency since November 2024. Both units were sold at $1,390 psf, which translates to $1.77...