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Jump in recurring revenue cushions drop in property sales

FEO's recurring revenue last year was S$772m, about 3.7 times the S$207m in 2005

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Recurring revenue includes rental income from the group's portfolio of leasing properties; revenue from serviced apartments and hotels; and takings from a string of F&B outlets operated by the group.

LIKE other property groups here, Far East Organization (FEO) has seen its property sales in Singapore ease significantly in the past few years due to the property cooling measures.

The group's annual recurring revenue, however, has risen to S$772 million in 2015 - about 3.7 times the S$

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