Mr Nicholas Yeo however said that the Singapore based realty investment firm has plans to put its money in select sectors in major gateway cities.
He added that the focus for the firm was on blue chip properties that are spread across sector.
They are eyeing on properties that have excellent locational attributes such as corner sites, panoramic views and advantageous proximity to connectivity and residential sites in vibrant neighbourhoods.
He signed off by saying that the firm being an active player in the investment market is committed towards investing in properties that would offer sophisticated living and working ambiance for its clients and customers.
TCRE Partners have been Angullia Development’s asset managers since 2017 and been part of the TwentyOne Angullia Park condo which has 54 units.
In March last year Singaporeans formed a consortium to acquire all of Angullia Development’s equity at a tricky period when 41 units in TwentyOne Angullia Park were unsold.
The consortium included both Mr Ben Yeo and Mr Koh. Since then they have sold the apartment units selectively at prices between S$3,600 and S$4,000 psf.
The company in an official statement said that there are planning to release more units by the end of this year.
They also added that they are looking forward to more investment in the residential market apart from the hospitality sector as it is attractive being well regulated.