Belgravia Ace Developer By Tong Eng Group

Belgravia Ace Developer

Background Belgravia Ace Tong Eng Group

Belgravia Ace Developer founded in the 1940s, Teo Thye Chor and his younger bro, Teo Thye Hong, moved from the Hui An district of Fujian, China, to Singapore searching for a brighter future. Getting rid of early challenges, the bros formed Tong Eng Brothers after the Second World War, engaging in the trading of electrolytic tinplates utilized in the production of cans and bottle caps.

belgravia ace tong eng group

Reacting to the call for post-war restoring in the 1950s, the siblings expected a surge in demand for accommodation and decided to diversify into residential or commercial property advancement. A true visionary, Teo Thye Chor saw the capacity of the undeveloped precinct of the Paya Lebar district and purchased land in the location. Tong Eng went on to establish the land into the very first industrial estate because vicinity.

The siblings continued to get more greenfield land in the city’s residential areas such as Changi, Upper Serangoon Road, Yio Chu Kang and Pasir Panjang – collecting more than 40 hectares of freehold land.

Tong Eng established a few of these lands into homes for lease to the British forces who were in Singapore at that time. Notable tasks because age consisted of Changi Grove, West Sea Garden in Pasir Panjang, Tong Kong Gardens in Upper Paya Lebar and Tong Eng Heights, which is now called Changi Heights.

Tapping into Tong Eng’s tin can company negotiations with major oil refining business such as Shell, Esso and Mobil, the brothers displayed their company acumen by selling land to these oil majors for their usage as petrol stations. These land parcels were taken from tracts that Tong Eng had previously gotten. In doing so, Tong Eng found an unique way to balance out most of the land costs.

In 1968, Teo Thye Chor’s eldest child Teo Tong Wah, together with his uncle, Thye Hong, took control of the company, continued to establish the business’s land bank and pursued the legacy of land banking that its creators began. Tong Wah prioritised the acquisition of lots of pre-war lease control shophouses adjoining Tong Eng’s own 3 systems at Cecil Street in the heart of Singapore’s central business district (CBD).

He then combined them to build Tong Eng Building, a 26-storey office complex where the business’s head office lies.

For many years, the group continued to develop real estate across different sectors making up landed housing, condos, houses, workplaces and retail malls. Some of these jobs are Greenbank Park, Green Meadows, Trendale Tower, Stratton Park, Belgravia Park, Serenade Garden, Kew Cottages, Treasure Place, Eminent Plaza, Serangoon Plaza and Poshgrove East, among others.

Through the last 60 years, Tong Eng Brothers has actually owned and developed near to 200 acres of land, including office, retail, landed real estate and apartment or condo. It has actually established itself as a leading residential or commercial property designer with a tested performance history in delivering high quality projects.

Today under the leadership of Group Managing Director, Teo Tong Lim, the family organization continues into its 3rd generation. The Tong Eng Group continues to source for investment and development chances while developing their landbanks and expanding its Real Estate footprint in and beyond Singapore.

Developer: Tong Eng Group

It is no secret that property in Singapore is expensive. Many Singaporeans, especially investors want to buy a landed property for investment or for self-use. But the property prices are very high, especially in areas like Bukit Timah and Queenstown. Here is a recent property development in Singapore. It is a property project by Tong Eng Group.
This blog will look at the features of the development and why it is a good property investment.

1. Why buy a property developed by Tong Eng?

Tong Eng Group is a developer with more than 50 years of experience in developing residential and commercial properties. They have developed over 40,000 units of properties in Singapore and Malaysia. Well known for quality, affordable homes and condominiums. From conceptual design to development, construction and sales we are the one-stop shop for all your property needs. For over two decades, we have been building quality homes that are both design-led and value-driven.

2. What you want to look out for property developer ?

Location is one of the most important factors when buying a property. Location determines the value of the property. Location also determines how convenient the property would be for you, when it comes to reaching from your office and to other places such as schools, hospitals, shopping malls etc. Price is the second factor. Investment is a long term relation, so you should be ready to wait to make a profit. Choose the type of property you need not on high price, but on the use value. A good place with a low rent is better than a cheap place with a high rent.

Living in Ang Mo Kio is liveable and affordable. It is in a good location, near to several shopping malls, entertainment centers, hawker centers, and the MRT station is also nearby. It is accessible to travel to any part of the island. And, most importantly, the people are friendly and there are seldom any traffic jams.

3. What are the most popular Tong Eng’s properties?

The newly launched Condo @ The Peak is the latest addition to the successful condominium project of Tong Eng Group. Since its inception in 2004, Tong Eng group has been focusing on the development of condominiums, apartments and commercial properties. This focus has resulted in a portfolio of many completed projects all over Singapore and Malaysia. Some of the successful projects of Tong Eng Group are Pinnacle @ Keppel Bay, Anjung @ South Beach, The Peak @ Robertson Quay, The Peak @ Holland Road, Fairways @ Sentosa Cove and the list goes on and on.  Latest project is the Belgravia Ace Tong Eng Group

BALCON EAST By Developer Tong Eng Group

(BALCON EAST By Developer Tong Eng Group)

Developer Website

October 18, 2021

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