FRX Capital clinches maiden win for landed project with Mount Rosie Signature Collection

FRX Capital, a homegrown real estate developer, achieved a major milestone at the EdgeProp Singapore Excellence Awards (EPEA) 2023, taking home the Top Landed Development award in the Uncompleted (Central) category for its Mount Rosie Signature Collection project in District 11. This is their first win at EPEA and comes after the successful handover of their first three landed projects last year.

Developing under the umbrella of Fraxtor, a Singapore-based blockchain-enabled real estate investment platform, FRX Capital offers investors fractional shares when investing into properties. Mount Rosie Signature Collection is their fourth such project and includes two bungalows and four terraced houses.

The architecture, created by DS Architects, reflects a modern colonnade design inspired by European townhouses and gives a grand and stately look. Wallflower Architects curated the interior design, while their hilltop site overlooking the low-lying landed houses of Barker Road and Malcolm Road adds to the collection’s charm.

At least two of the terraced houses have been sold according to URA caveats, with the first one fetching $12.35 million ($3,805 psf). Each house boasts a basement carpark with enough space for up to six cars, a lift to access the upper floors, and a helper’s room with an attached bathroom. On the ground floor there is also a central courtyard surrounded by dining and living rooms, and a kitchen with a laundry room and access to the backyard.

The second floor includes the master en suite bedroom, junior master bedroom, and en suite bedrooms, as well as a study room and family room. The attic houses a multi-functional entertainment room, pantry, gym, and a powder room.

The pride of Mount Rosie Signature Collection, however, are the two detached bungalows which come with their own private entrance driveways and secluded backyards. Its carpark is large enough to accommodate 10 cars, and each bungalow has its own pool.

The largest bungalow spreads across 10,998 sq ft with a total built-up area of 24,958 sq ft and contains six master bedrooms, two junior master bedrooms, and two en suite bedrooms.

The stately modern aesthetic throughout the houses is complimented by modern design and materials, such as engineered stone facades, a central courtyard that allows for light and natural ventilation in the living areas, and functional layouts. This translates into homes that are elegant yet modern, while the functional layout and design earned the project high marks for sustainability excellence.

The success of Mount Rosie Signature Collection comes after the surrounding core investor group of Fraxtor, including chairman and managing director of Hong How Group, Daniel Teo – also a director of Tong Eng Group – and individual fractional investors. Fraxtor closed a $70.3 million en bloc purchase of Gloria Mansion in January 2022, carrying a GDV of more than $145 million.

Lumina Grand Bukit Batok is a new executive condominium (EC) launched at a much more competitive price compared to other projects. Its land rate of $438 psf ppr is attractively lower than that of the Bukit Batok West Avenue 8 EC, which garnered $662 psf ppr in March this year. The EC is a joint venture of Keong Hong Construction and Heeton Holdings, two reputable construction companies in Singapore. Prospective inhabitants can look forward to luxury features such as an indoor gym, a 50m lap pool, a jacuzzi, a BBQ area and much more.

Other projects that Fraxtor have lined up consists of a 56 Kingswear Avenue that has a GDV of more than $8 million; 10 Redwood Avenue with a GDV of more than $11 million; and 3 Merino Crescent with a GDV exceeding $14 million.

Fraxtor have also taken their investment opportunities overseas, partnering up with Prima Asset Management to acquire a commercial property in Bangkok for a GDV of $48.33 million, as well as a student accommodation projects in the UK and multi-family housing funds in Japan with Singapore-based Q Investment Partners (QIP). Australia also has projects in Perth and Melbourne funded by Fraxtor.

By offering fractional shares in a variety of real estate assets, Fraxtor and FRX Capital are cementing their place in the prime and luxury landed home segment in Singapore and abroad.