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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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On Mr Ong's wish list is a loosening of some of the cooling measures, or at least for the government to tweak the additional buyer's stamp duty (ABSD) for developers based on the size of the project.

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,...