The Business Times
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Beyond hospitality: Far East Orchard leans on student accommodation for recurring income

It aims to expand the segment and build up fund management capabilities 

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Low Youjin

Low Youjin

Published Sun, Nov 23, 2025 · 05:00 PM
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    • Alan Tang, Far East Orchard's group CEO, says the Covid-19 pandemic helped the company to firm up its resolve to diversify and strengthen recurring income beyond hotels.
    • Alan Tang, Far East Orchard's group CEO, says the Covid-19 pandemic helped the company to firm up its resolve to diversify and strengthen recurring income beyond hotels. PHOTO: TAY CHU YI, BT

    [SINGAPORE] When real estate veteran Alan Tang took over as group chief executive officer of Far East Orchard (FEOR) on Jan 1, 2020, few could have foreseen how quickly the world would change with the spread of Covid-19.

    Within weeks, borders closed and travel collapsed – a sudden shock for a company heavily exposed to global hospitality.

    “The first year was trying,” Tang recalled in a recent interview with The Business Times, just after the group reported that its net profit had doubled year on year to S$37.6 million for the nine months ended Sep 30.

    ToplineFar East OrchardReal estatestudent accommodationHospitality

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