Wilshire Residences developed by Roxy - Pacific Holdings & Teo Eng Group
About Roxy-Pacific Holdings
Established in May 1967, Roxy-Pacific Holdings Limited, an established property and hospitality group with an Asia-Pacific focus, was listed on the SGX Mainboard on March 12. 2008. The Group is principally engaged in the development and sale of residential and commercial properties ("Property Development") and the ownership of Grand Mercure Roxy Hotel and other investment properties ("Hotel Ownership and Property Investment").
The Group's residential development projects typically comprise small to medium size residential developments such as apartments and condominiums targeted at middle to upper middle-income segments. Between 2004 and 2013, the Group developed and launched 36 small to medium size developments comprising a total of more than 2,500 residential and commercial units.
About Teo Eng Group
Tong Eng mainly develops freehold land. It is becoming more challenging to buy vacant freehold land for land banking due to tight supply and also the high cost of such land.
With its extensive experience in Singapore, Tong Eng plans to continue with its investment holding and developing activities in real estate in Singapore while at the same time bringing its expertise outside Singapore.
The group is mindful of delivering good design in these new overseas ventures while serving the ever-changing needs of their people. It eyes mature markets in Asia and has identified Australia, particularly the main cities of Melbourne and Sydney, as launch pads for its first ventures abroad.
Tong Eng is still active in real estate investment and development in Singapore. Its projects under development have an estimated gross development value of S$2 billion (HK$11.4 billion). The group is constantly seeking investment and development opportunities in Singapore and will continue to explore abroad with the intent of entering stable markets that afford attractive yields and growth prospects, such as Australia and London.