The Tanamera joins en bloc hopefuls

ANOTHER en bloc hopeful has joined the fray: Owners of The Tanamera condominium in Bedok are now gunning for a collective sale exercise, and will begin the process of collecting signatures from the requisite 80 per cent of unit owners soon.

If a collective sale tender for The Tanamera is launched, the reserve price, pending finalisation, could be in excess of S$500 million, marketing agent Knight Frank told The Business Times on Friday (Feb 3). 

Located at Tanah Merah Kechil Road, the 99-year leasehold condo sits on a site spanning 236,778 square feet (sq ft). It has a gross plot ratio of 2.1 under the Urban Redevelopment Authority’s Master Plan 2019 and houses 288 residential units.