Far East Organization: Difference between revisions
==Notable projects==
==Notable projects==
=== Residential Homes ===
=== Inessence ===
Far East Organization has developed the Inessence concept to cater to various profiles of homebuyers. Key projects are:
# ”’Alba:”’ A freehold luxury residence located a short stroll from Orchard Road’s prime shopping belt (District 9). Alba is an architectural masterpiece designed by Bernardo Fort-Brescia of Arquitectonica, known for projects like the W Hotel in Miami and the Microsoft Europe Headquarters in Paris. Its distinctive Y-shaped architecture and high-floor units offer expansive city views.
# ”’Boulevard Vue:”’ Situated on Cuscaden Walk, off Orchard Boulevard, Boulevard Vue is a 33-storey freehold residential development with only 26 units and two penthouses. Designed by Takashi Sugimoto of Super Potato Japan, it epitomizes luxury living in one of Singapore’s prime districts.
# ”’Skyline@Orchard Boulevard:”’ This iconic freehold development features 40 exclusive residences, including a triplex penthouse. Located just a four-minute walk from ION Orchard, it offers residents close proximity to top luxury brands and experiences. The design is the work of Pritzker Prize Laureate Fumihiko Maki of Maki & Associates.
==== Far East SOHO ====
The SOHO brand is defined by three dimensions: locale, connectivity, and space. Focusing on “trans-urban” locales, these are suburban districts transforming into urban centers, enhanced by transportation connectivity and lifestyle amenities. Key projects are:
# ”’The Scotts Tower:”’ Located at Scotts and Cairnhill Roads, it is the first project under the Far East SOHO brand. Designed by Ben van Berkel of UNStudio in Amsterdam, this 31-storey tower comprises apartments and penthouses, along with landscaped gardens and recreational facilities. It was awarded the World Gold Winner in the FIABCI World Prix d’Excellence Awards 2020.
# ”’The Siena”’: This condominium in Bukit Timah features high ceilings and unique layouts. The 54-unit development has distinctive space planning concepts and was recognized with the SG Mark award at the Singapore Good Design Mark (SG Mark) Awards 2017.
===Shopping malls===
===Shopping malls===
Real estate developer in Singapore
Far East Organization is the largest private real estate developer in Singapore.[1][2] Founded in 1960 by Ng Teng Fong,[3][4] the company has businesses in property development, retail, hospitality,[5] and food and beverage[6] brands in Asia and Australia.[7][8] It is currently managed by Philip Ng, whose brother Robert runs the Hong Kong-based sister company Sino Group.[5] The two refer to Far East Organization as a Christian enterprise.[1]
Far East Organization operates in Singapore,[2] Hong Kong,[2] China,[9] Malaysia,[9] and Australia.[9][2] It has three public-listed subsidiaries: Far East Orchard Limited,[10][2] Yeo Hiap Seng Limited,[2] and Far East Hospitality Trust.[11]
History[edit]
Far East Organization’s first residential project was 72 terrace houses in Jalan Pacheli in Serangoon Gardens. The project was completed in 1962.[2]
After developing a series of residential developments in the 1960s, the company diversified into retail, starting with Far East Shopping Centre on Orchard Road in 1974.[2][7] This was followed by the completion of other shopping and office developments in the prime Orchard Road area, including Lucky Plaza (1978), Orchard Plaza (1981), Far East Plaza (1983), and Claymore Plaza (1984).[7]
In 1987, the company acquired a majority stake in the publicly-listed Ming Court Hotel Limited[12] (renamed Orchard Parade Holdings Limited in 1991).[12][9] The acquisition included the Ming Court Hotel, which was renamed The Orchard Parade Hotel.[13] Orchard Parade Holdings was restructured in 2012 to become Far East Orchard.[9]
In 1995, the company acquired a majority stake in Yeo Hiap Seng, a Singaporean beverage company.[6] The company launched the luxury development brand Inessence in 2010[14] and lifestyle real estate development brand Far East SOHO in 2011.[15]
In 2012, Far East Organization listed the Far East Hospitality Trust on the Singapore Exchange.[16]
In 2013, it entered the Australian market through acquisitions and partnerships with The Straits Trading Company and Toga Group.[9][17] It also acquired several retail and commercial developments.[9]
In October 2019, the company opened The Fullerton Hotel Sydney which occupies Sydney’s former General Post Office, built in 1874.[18]
Two new businesses, Store-Y—a self-storage facility[19]— and Agape Laundry—a centralised commercial laundry service[20]—were established in 2017.[21][20]
In 2020, Far East Hospitality expanded for…
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