Far East Real Estate Developer
Far East Consortium International Limited is one of the most prominent regional conglomerates in the region, with a focus on investment, real estate development, hotels, car parks, facilities management, and securities. Established in 1972, the company has over half a century of experience in the real estate industry. As a result, it is one of the leading land developers in Asia. However, you need to take note that Far East Consortium International Limited is also listed on the Hong Kong Stock Exchange.
The company began developing properties in Singapore back in the 1960s, building its first residential property development in Serangoon Gardens. Then, in 1969, it was listed and expanded its operations. In 1974, it was the first major office/retail development in the prime central Orchard road. By the 1980s, the company was already listed on the Mainboard of Singapore Exchange. In addition to residential properties, Far East Orchard also has purpose-built student accommodation projects in Australia and Singapore.
This growth is evident in the company’s recent publications. The Straits Times published an article by Tan, C., Ang, L., and Oon, D., in which the Sino Group reaped HK$12B in sales. The article also highlighted a few interesting developments in the company’s venture into the healthcare sector. The company’s recent articles have been critical in shaping the future of Far East Real Estate.
In addition to its development arm, the Far East Organization has two publicly-listed companies: Orchard Parade Holdings Limited and Yeo Hiap Seng Limited. Far East Orchard has a history of over 117 years in Southeast Asia. It has a long-term partnership with The Straits Trading Company, and expanded its portfolio internationally with more than 13,000 rooms in seven countries. Its portfolio is now more diverse and profitable than ever.