Far East Orchard
Far East Orchard Limited (“Far East Orchard”) is a real estate company with a lodging platform that aims to achieve sustainable and recurring income through a diversified and balanced portfolio.
Profit of Far East Orchard rises 18.8% YoY to $7.6m in 9M23
The company attributed improved financial performance to the strong recovery of its hospitality business.
Profit of Far East Orchard rises 18.8% YoY to $7.6m in 9M23
The company attributed improved financial performance to the strong recovery of its hospitality business.
Far East Orchard’s profit attributable to equity holders rises 2.1% YoY to $8.2m in 1H23
The company attributed its improved earnings to strong tourism growth.
Far East Orchard eyes stabilisation of hospitality business by 2024/25
To achieve such, it will grow its portfolio to 25,000 beds within two years.
Far East Orchard acquires student accommodation property in London for $22.9m
The acquisition is slated for completion in April 2023.
Far East Orchard improves earnings in H1 due to border opening
Its earnings reached $8m compared to $1.9m loss in the previous year.
CityDev acquires Central Square for $315m
The move will be part of the redevelopment of the Central Mall properties.
Far East Orchard records net loss of $20.8m in September
The ongoing lockdowns continued to weigh down the group's hospitality segment.
Lui Chong Chee joins Far East Orchard as group CEO and managing director
He held C-suite positions in major Singaporean companies. Far East Orchard announced the appointment of Lui Chong Chee as group chief executive officer and managing director effective 1 September 2014.
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