Build-to-rent âa slow burnâ, says Frasers boss Save Share The developer and investor, a subsidiary of Singaporean property giant Frasers Property Limited, secured its first Australian BTR project in Brisbane last year after successfully bidding on a $200 million pilot development offered by the Queensland state government. Construction of the 25-level Fortitude Valley tower with 354 apartments is due to kick off later this year. âWe still think BTR is a slow burn,â says Frasers Property Australia CEO Anthony Boyd. Rhett Wyman While welcoming the opportunity to dip its toe in the BTR sector, Mr Boyd said much more support was needed to drive its growth at an exponential rate.