IP Investment Corporation

IP Investment Corporation

IP Investment Corporation was established by the Ong family, whose primary operating business, the Royal Group of Companies, executed large-scale civil engineering and property development projects across Southeast Asia. The family office formalizes the reinvestment of those construction-generated proceeds, maintaining a tight geographic and sectoral link to the operating company's footprint. The office deploys capital across a concentrated set of real estate strategies. Its direct equity positions target development and repositioning projects, while its private credit arm provides structured debt to developers and property owners in Singapore and key regional markets. The investment posture bridges senior lending, mezzanine financing, and direct equity co-investments. The geographic footprint spans Singapore and select Southeast Asian markets where Royal Group holds historic operational knowledge. The team operates from Singapore with a lean professional staff typical of Asian single-family offices that run parallel to an active operating business. The office's deal flow derives primarily from the Royal Group's industry relationships, contractor networks, and joint-venture partners — a sourcing channel that functions as a structural barrier to competing capital. Ong Tiong Boon serves as Executive Director, stewarding the investment decisions. IP Investment Corporation's architecture aligns it uniquely with the operating company's balance sheet cycle. Rather than functioning as a standalone allocator, the office acts as a liquidity and investment partner to Royal Group, absorbing development profits and redeploying them into real asset positions where the family's construction expertise functions as a due-diligence edge. This symbiosis between the family office and the operating business represents a governance model distinct from pure financial return-seeking family offices.