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Ohmyhome
Rhonda and Race Wong took their Singapore proptech startup public on Nasdaq in 2023, creating a rare family-controlled listed entity in the US.
Ohmyhome
Ohmyhome Ltd operates as a Singapore-incorporated property technology company, co-founded in 2016 by sisters Rhonda and Race Wong. The entity functions as both an operating business and the primary holding vehicle for the Wong family's entrepreneurial capital. Its public listing on the Nasdaq in March 2023 through a business combination with a SPAC marked an unusual path for a family-run Southeast Asian startup, converting what began as a DIY property transaction platform into a regulated public company. The firm's strategy centers on streamlining residential real estate transactions—covering buying, selling, and renting—through a fixed-fee brokerage model and integrated digital services in Singapore. Post-IPO, deployment has extended into mortgage advisory, legal conveyancing, and renovation referrals, effectively layering fintech-adjacent revenues onto the core agency business. Operational footprint remains concentrated in Singapore, with nascent activity in Malaysia. Public filings show the business is asset-light, generating agency commissions and ancillary service fees rather than deploying proprietary capital into property portfolios. The Wong sisters retain controlling interest post-IPO, with Rhonda Wong serving as CEO and Race Wong as COO. Headcount and total deployment figures remain undisclosed in public filings. The corporate structure lacks the diversified investment arms typical of multi-generational family offices, instead concentrating nearly all activity inside the listed entity. In August 2024, Ohmyhome reported first-half revenue growth driven by its fixed-fee agency model and expanding mortgage referral partnerships (per the firm's regulatory filings). No separate philanthropic foundation or external investment vehicle has been publicly identified. What distinguishes Ohmyhome structurally is its hybrid posture: a family-controlled operating company that accessed public markets through a SPAC rather than maintaining a private family-office structure. This creates a transparency obligation via SEC filings seldom seen among Asian family offices, while preserving founder voting control through dual-class share arrangements (per Nasdaq listing documents, 2023). The result is a rare window into a family's core entrepreneurial vehicle, even as the family's broader wealth holdings remain opaque.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Singapore
City
Singapore
Corporate office
Singapore
Principals
Rhonda Wong
CEO & Co-founder
Race Wong
COO & Co-founder
Sector focus
Frequently asked questions
Why did Ohmyhome choose a Nasdaq listing via SPAC rather than remaining private or listing in Singapore?
The Nasdaq listing through a SPAC merger in 2023 provided access to deeper US capital markets and a valuation framework tied to technology multiples rather than Southeast Asian property comparables. Public statements from the firm emphasized brand visibility for potential regional expansion beyond Singapore. This route also allowed the Wong sisters to unlock liquidity without ceding founder control, a common motivation for family-backed enterprises.
How does Ohmyhome's fixed-fee brokerage model differ from traditional agency models in Singapore?
Unlike traditional Singapore agencies that charge a percentage-based commission—typically 2% for sellers—Ohmyhome charges a flat fee starting at a few thousand Singapore dollars for transaction management, document handling, and marketing. The model targets cost-sensitive buyers and sellers by unbundling services, with premium tiers available for advertising and professional photography. This positions Ohmyhome as a low-cost alternative in a market dominated by estate agencies tied to large property developers.
Does Ohmyhome operate a diversified investment portfolio like a typical family office, or is all capital deployed in the operating business?
Public disclosures show Ohmyhome Ltd is an operating company focused entirely on its proptech platform. There is no evidence of a separate investment portfolio, fund commitments, or private equity allocation. The Wong family's capital appears concentrated in the listed entity itself, with any personal wealth beyond company holdings remaining undisclosed. This makes it an operator-funded family enterprise rather than a diversified family office in the institutional sense.
What is the extent of Ohmyhome's operations outside Singapore?
Ohmyhome's core transactional business is overwhelmingly Singapore-based. The firm has conducted limited activities in Malaysia, primarily around Kuala Lumpur, but these represent a small fraction of revenue. Public filings do not indicate active operations in other Southeast Asian markets, though the Nasdaq listing and associated branding suggest expansion ambitions. As of mid-2024, no concrete launch dates for additional countries have been confirmed.
Who holds voting control at Ohmyhome, and how is governance structured?
Rhonda and Race Wong hold super-voting shares granting them majority voting control despite the public listing, a structure disclosed in SEC filings at the time of the SPAC merger. This dual-class structure ensures the Wong family retains operational and strategic control. Independent directors serve on the board as required by Nasdaq rules, but ultimate decision-making authority resides with the Wong sisters as founders and controlling shareholders.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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