far east orchard
Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030
Group doubles down on hospitality and PBSA, plans to recycle capital out of non-core assets
Beyond hospitality: Far East Orchard leans on student accommodation for recurring income
It aims to expand the segment and build up fund management capabilities
Far East Orchard’s 9M profit more than doubles to S$37.6 million
The sharp increase is mainly driven by one-off gains of S$24.9 million
Arthur Kiong to step down as managing director of Far East Hospitality by end-2025
The industry veteran will be succeeded by his deputy, Mark Rohner, on Jan 1, 2026
Far East Orchard secures £96 million for private fund to develop UK student accommodation
This supports the company’s pivot ‘towards an asset-light model and its objective of growing recurring fee-based income’
Far East Orchard Q1 net profit more than doubles to S$17.3 million
Significant rise is driven by one-off gain of S$9.2 million from acquisition of additional stake in Woodlands Square
Far East Orchard acquires Manchester purpose-built student accommodation site for £10.9 million
The 239-bed facility is expected to be completed in 2028
Hotels under Far East Orchard’s hospitality joint venture hit by cybersecurity incident
The incident has had no impact on Far East Orchard’s networks, which are “completely independent” from those of TFE Hotels, the group says
Far East Orchard H2 net profit down 29.4% on lower fair value gains, higher costs
Board proposes a first and final dividend of S$0.04 per share, along with a S$0.01 per share special dividend
Far East Orchard unit acquires additional stake in Woodlands Square for S$25 million
Wholly owned subsidiary Tannery acquires 6.7% of the company’s share capital
