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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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$207 million in 2005.
This near quadrupling of recurring revenue has provided some cushion against the ups and downs of property cycles.
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