Although we haven’t seen a surge in successful en bloc deals so far this year, some property owners appear confident enough that they are testing the waters. Two developments launched their respective collective sale tenders earlier this week. The freehold Serenity Park is trying for a second time this year to secure a buyer, while Pek Chuan Building looks to entice investors and developers to pick up the commercial building. Both properties are exclusively marketed by Mount Everest Properties. The owners of Serenity Park, a 179-unit development on Tamarind Road, had launched a collective sale tender of the District 28 property in February this year. Back then, the 248,173 sq ft condo off Yio Chu Kang Road had a guide price of $505 million, which works out to $1,453 psf per plot ratio (ppr). But the new reserve price of $440 million is a significant reduction of about 12.9% compared to its asking price seven months ago.  ...