A ride through S'pore's property market
Besides having developed ECs, Evia Real Estate is a fund manager with a presence in Korean logistics properties.
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Kalpana Rashiwala
EVIA Real Estate is probably best known as a homegrown developer of executive condo (EC) projects, but co-founders Vincent Ong and Leslie Lim describe themselves as "accidental developers".
They had, at first, trained their firepower on bidding for industrial sites in government tenders, including Biopolis Phase 3 and Fusionopolis phases 3 and 5. Some of these were concept and price tenders, in which Evia made it through the concept stage of the competition - only to lose out on pricing, often to the big guns.
Mr Lim said: "So we lost and we decided to stay away from industrial land in Singapore."
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