Developer Far East Organisation wins its 5th FIABCI real estate award

Singapore developers continued to perform well at the annual FIABCI Prix d’Excellence competition this year.

Far East Organisation won the top prize in the Residential Category with its Orchard Scotts project.

This is the company’s fifth FIABCI award to date, making it the only developer in the world to snag five wins in the prestigious competition.

Its previous wins were for developments including The Bayshore, Far East Square, Gardenville and Fullerton Square.

City Developments Limited, Hong Leong Holdings and TID clinched the top prize in the Hotel Development Category with their joint-venture project, St. Regis Singapore.

UOL Group was awarded the First Runner-Up for its residential development, Newton Suites.

The FIABCI Awards recognises excellence in all aspects of real estate developments.

In a statement, the Real Estate Developers’ Association of Singapore said the awards are coming at a time when the Singapore brand has won wide international recognition with property purchasers in China, India, Vietnam and other countries.

Separately, Far East Organisation said its mixed-used development, Central, located along the Singapore River, has received the Cityscape Asia Real Estate Award.

The Cityscape Awards rewards excellence in architecture and design for projects in the region.

Source : Channel NewsAsia – 21 May 2009

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