Tampines Court to try for en bloc sale again

Tampines Court owners are attempting an en bloc sale for the second time.

MediaCorp understands that 47 percent of the owners met on Saturday for its first Extraordinary General Meeting (EOGM).

A 12-member sales committee was also formed.

The next step is for the second EOGM to decide on the marketing agents and lawyers to handle the sale, before deciding on the valuation of the estate
which spans 702,162 sq ft with 560 units.

The former HUDC estate, which is about 26 years old, was put up for a collective sale for S$405 million in 2006.

The two-year process, however, failed as its sales committee could not meet deadlines to complete the deal by 25 July, 2008.

Source : Channel NewsAsia – 29 Jan 2011

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