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The Tanamera joins en bloc hopefuls

Ry-Anne Lim

Published Fri, Feb 3, 2023 · 06:40 PM

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.

The en bloc sale process started in the fourth quarter of 2022, said Knigh…