Adaptability has FRX Capital well positioned for sustained success.

FRX Capital is a leading real estate development and investment management firm overseeing a portfolio valued at more than S$500 million. Affiliated with Tong Eng Group, the firm focuses on identifying high-potential opportunities while delivering consistent value through disciplined investments, cutting-edge developments, and strategic industry collaborations. Leaning on innovative practices and long-honed expertise, FRX Capital has an established track record of garnering strong returns for buyers and investors.

With a steadfast commitment to integrity, innovation, and excellence, FRX Capital prioritises transparency and accountability, consistently pursuing forward-thinking solutions in a dynamic real estate market. Dedicated to delivering exceptional results, it ensures excellence at every stage of the investment and development process. Sustainability is also infused into the firm’s initiatives, integrating environmentally responsible practices that strengthen communities and drive long-term economic and social value.

Co-Founders Mr Oliver Siah and Ms Rachel Teo

LEADERSHIP, MARKET FOCUS, AND STRATEGIC PARTNERSHIPS

FRX Capital’s executive team brings decades of expertise in global real estate, capital deployment, and asset management. Balancing financial acumen, development ingenuity, and risk management capabilities, their leadership has helped the firm build a reputation for operational excellence, market foresight, and stakeholder value creation.

FRX Capital specialises in residential developments tailored for modern urban living. Its portfolio includes boutique projects that offer exclusivity and architectural distinction, as well as mid-to-high-end landed homes featuring spacious layouts and premium finishes. Guided by market research and demographic insights, each project is crafted to deliver lasting value and appeal for homeowners and investors alike.

Through strategic partnerships, FRX Capital has accelerated growth and harnessed innovation. Noteworthy collaborations include working with ZACD to develop Arina East Residences, participation in the Government Land Sales (GLS) tender for Plantation Close EC with Evia Real Estate, and entry into the Japanese logistics sector with Mapletree.

Beyond developments, industry collaborations have also enhanced market engagement. FRX Capital has worked with the likes of ERA, Property Lim Brothers, and PropNex for property marketing efforts, along with PropertyGuru, EdgeProp, and The Edge for expanded outreach.

The firm has also worked closely with Sing Investment & Finance, Hong Leong Finance, OCBC, and DBS to provide clients and investors with financial advisory services.

On the architectural and interior design front, the firm’s partnerships with DS Architect, Wallflower Pte Ltd, Surface ID Studio, 2nd Edition, and Audax have resulted in visually compelling yet highly functional developments, reinforcing FRX Capital’s reputation for delivering thoughtfully designed projects.

INNOVATION, SUSTAINABILITY, AND RESILIENCE

Innovation drives FRX Capital’s approach to real estate development. Optimising land use and integrating advanced construction technologies, the firm employs modern building methodologies to enhance quality and efficiency.

Notable projects include Nos. 6 and 8 Jalan Novena Selatan, where Glass Fibre Reinforced Concrete (GFRC) panels saw the creation of a distinctive three-dimensional geometric façade. GFRC’s lightweight yet high-performance properties allowed for precise fabrication, efficient installation, and long-term durability which reflects FRX Capital’s dedication to quality and architectural excellence.

Sustainability is equally vital to FRX Capital’s developments. From incorporating solar-ready infrastructure and EV charging stations to utilising passive cooling systems and thermally efficient materials, the objective is to reduce environmental impact. Through its flagship Mount Rosie project, which garnered the Building and Construction Authority’s Green Mark certification, FRX has reaffirmed its commitment to sustainable living.

Successfully navigating the challenges of the COVID-19 pandemic, FRX Capital overcame construction cost increases, manpower shortages, and economic uncertainty. Relying on meticulous planning and cost tracking, together with prudent legal interventions, ensured project continuity. The firm also overcame complex legal hurdles in land development, ownership structuring, and compliance, strengthening its governance frameworks - including implementing enhanced Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) risk management protocols.

Mr Oliver Siah with the EdgeProp Award

FUTURE GROWTH AND COMMUNITY ENGAGEMENT

FRX Capital remains committed to scaling developments while adapting to market dynamics. Over the next five to ten years, the firm aims to enhance Singapore’s landed property landscape while expanding further into GLS Collective Sales, and non-residential developments, to further solidify its market position.

Beyond financial success, FRX Capital prioritises corporate social responsibility, supporting GraceHaven, Willing Hearts, and other community initiatives. It participated in Carry Hope 2025, raising over S$11,000 for children with rare disorders. In addition, its involvement with The Private Museum (TPM) fosters arts patronage, where support included sponsorship of TPM’s Charity Golf 2025 event.

In terms of mental health advocacy, FRX Capital partnered with Elpis Hideout for Colour Your World, transforming Sengkang General Hospital into an inspiring space through curated artworks. These initiatives underscore the firm’s dedication to holistic value creation - positively impacting communities beyond real estate development.

POSITIONED FOR LONG-TERM SUCCESS

FRX Capital’s flexible business model enables larger-scale projects while maximising investor returns. Its strong stakeholder relationships drive sustainable expansion and reinforce its reputation as a trusted, forward-thinking developer. By embracing adaptability and innovation, FRX Capital continues to push real estate boundaries - setting new benchmarks in architectural distinction, investment resilience, and long-term value creation.

By embracing adaptability and innovation, FRX Capital continues to push real estate boundaries.