FAR East Organization plans to launch up to six residential projects with more than 1,500 units in the second half of this year, said chief operating officer Chia Boon Kuah. Horizon Residences: The 72-unit project could be launched within four months Mr Chia, who is bullish on the high-end and mass market segments of the private property market here, said most - if not all - of the projects could be...
Far East Organization
Developer Far East Organization has won its 6th FIABCI Prix d'Excellence award. The award honours world-class developments for demonstrating excellence in all aspects of their creation. This year, Far East won the award in the Office Category for its mixed-use development, Central. Central is located above the Clarke Quay Mass Rapid Transit station, on a 1.3-hectare site in the city's civic, cultural...
Singapore billionaire property tycoon and Far East Organization chairman Ng Teng Fong, 82, died on Tuesday morning. Far East Organization said in a statement that Mr Ng suffered brain haemorrhage on January 23. He was taken to hospital where he underwent an operation. Mr Ng was ranked Singapore's richest man by Forbes magazine last year. His family's net worth was estimated at US$8 billion in 2009. He...
Far East Organization said it has seen strong demand for its latest project, The Shore Residences, since private previews started two weeks ago. The 408-unit residential development is located in the Katong area. Far East said over 70 units have been sold and prospective buyers have also registered their interest for units, which will be released at the official launch on January 21. Among them, the...
Property developer Far East Organization is banking on local culture to grow its new hospitality brand. Under its new concept, Village Hotels & Residences, it aims to provide guests with a taste of the local culture in the surrounding community. And Far East is hoping to add 15 new overseas properties under the brand in the next five years, in markets such as China, Indonesia, Malaysia and...
The Urban Redevelopment Authority has awarded the tender for the commercial and residential site at Yio Chu Kang Road and Seletar Road to Far East Square. The company submitted the highest bid in the tender for the site at S$119 million. This translates to about S$376 per square foot. The tender for the commercial and residential site was launched on August 20, on a 99-year lease. Source : Channel...
Property developer Far East Organization has launched a scheme to encourage start-ups at its shopping malls. Instead of paying rent, these tenants can issue preference shares to the developer for up to three years. Tenants at six Far East Organization malls – including the new Orchard Central – can now pay rent in shares, instead of cash. The other participating malls are Central, Far East Square,...
More than 70 per cent of the 182 apartments released for sale at Vista Residences have been sold within a week of its launch. The 280-unit development in Balestier offers one-bedroom units and penthouses ranging from 617 square feet to 2,575 square feet. Prices started at S$960 per square foot and the average selling price was S$1,070 per square foot. The 130 apartments taken up were mostly bought by...
Property developer Far East Organization has said its S$700 million Orchard Central mall is on track to open in June. The 12-storey mall has just obtained the temporary occupation permit. It expects to raise tenancy take-up rate to 75 per cent in the coming months, from the current 65 per cent. Far East Organization said Orchard Central will stand out from other malls when it opens in about two...
Far East Organisation has launched its first-ever major rebranding exercise for its hospitality division. The property developer plans to rebrand its stable of 17 hotels and serviced residences in Singapore under new names. This was announced on Wednesday as Far East opened its first boutique hotel at Mount Elizabeth Road. Under the first phase of the rebranding, Far East will introduce a new "Village"...