TONG ENG GROUP
Back in the 1940s, there were two brothers who moved to Singapore and tried their luck for a brighter future, these two brothers were Teo Thye Chor and his younger brother, Teo Thye Hong. The brothers originated from Hui An district of Fujian, China.
Successfully, the brothers were able to reach great success as they formed the Tong Eng Brothers after the Second World War, the company built focused on trading of electrolytic tin plates used in the production of cans and bottle caps.
The brothers received a surge in demand signaling the success of the company during the 1950s which is the timeline of the post-war and at that time, the country was in the process of rebuilding its economy whereas the Tong Eng Brothers had seen demands for accommodation and had decided to diversify into property development.
One of the brothers, Teo Thye Chor saw the potential of an undeveloped precinct of the Paya Lebar district and bought the land. Once bought, the brothers aimed to develop the said land and became the first industrial estate in the vicinity.
With the foreseen success of the brothers, they continued to expand and acquire more greenfield land in the city suburbs including Changi, Yio Chu Kang, Upper Serangoon Road and Pasir Panjang totaling of a whopping 40 hectares of freehold land.
Later on, Tong Eng developed these areas and made them available for lease to the British forces who were staying in Singapore at that point in time. Some of the noteworthy projects that were included at that time were Changi Grove, West Sea Garden situated in Pasir Panjang, Tong Kong Gardens located in Upper Paya Lebar and Tong Eng Heights or better known as Changi Heights.
Going back to the tin can business of the Tong Eng group, the company was able to negotiate with major oil refining companies such Shell, Mobil and Esso, the brothers had sold their lands to these major oil companies and use these lands to build petrol stations. Due to these lands, the company found a noble way to offset most of the land costs.
In the year 1968, the company moved forward to another generation, Teo Thye Chor’s eldest son Teo Tong Wah, hand in hand with his uncle, Thye Hong, took over the company and pursue the legacy of the company founders in land banking while continuing to develop the company’s land bank.
Prior to that, Tong Wah focused on the purchasing of many pre-war control shophouses neighboring Tong Eng’s own three units at Cecil Street in the heart of Singapore’s central business district (CBD).
Thenceforth, he combined these structures to build the Tong Eng Building that has 26-storey floors situated as the company’s main headquarter.
Overcoming challenges, the company continues to expand its real estates across different sectors encompassing landed housing, apartments, offices, condominiums, and retail malls. Some notable projects include Greenbark Park, Stratton Park, Green Meadows, Trendale Tower, Kew Cottages, Belgravia Park, Serangoon Plaza, Treasure Place, Eminent Plaza, and Poshgrove East.
For the last 60 years, the Tong Eng Brothers acquired and developed of a total 200 acres of land which includes retail, office, landed housing, and apartment. Therefore, it is safe to say that the brothers have established their name in the leading property industry for bagging a number of lands and has demonstrated in providing high quality projects.
Up to this date, the company is still expanding up to its third generation, currently managed by Group Managing Director, Teo Long Lim. The company purse its mission to seek investment and development opportunities while growing their landbanks and stretching its encompassed real estate foot print throughout Singapore.