Evia Real Estate to sharpen focus on ECs, commercial real estate
Developer likely to steer clear of private residential market for now due to supply overhang, says its managing partner
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Nisha Ramchandani
Singapore
LOCAL developer Evia Real Estate will continue to focus on executive condominiums (ECs), while scouring for good buys in the commercial real estate sector as a means of building up recurring income, its managing partner Vincent Ong said.
"Where we're keen on is offices, shopping centres," Mr Ong told The Business Times in an interview. "ECs seem to be still palatable at this point of time. We do a fairly good job with our ECs."
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