1. Winners in the New League
  1. Far East Organization in 2006
  1. Novena Medical Center Updates
  2. Nurturing Our Young Leaders
  3. Unity in Business
  4. Leadership Speakers Series 2006
  5. Far East Organization Awards Ceremony 2006
  6. Summer Escapade - FEO Family Day 2006
  7. Viva Las Vegas - Dinner & Dance 2006
  8. Caring for the Community
  9. Business Process Improvement Awards 2006
  10. BPI Awards 2006
  1. Growing from strength to strength on Leadership in Brand Revitalisation & Excellence in Sales
  2. Yeo Hiap Seng champions Singapore Street Food Masters
Archive Section
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Copyright Far East Organization 2004/2005

In 2006, Far East Organization together with its Hong Kong-based sister company Sino Land affirms its confidence in the Singapore property market by investing close to $1.8 billion in building its development land bank here. Far East Organization was the top buyer of collective sale sites worth a total of $1.6 billion.

During the year, Far East Organization completed 2,294 residential, commercial and industrial units.
 
Four projects were released for sale. They include two prime residential developments - Orchard Scotts, a luxury urban resort condominium in the Orchard Road area and The Clift, a hip inner-city residence in McCallum Street in the Central Business District - as well as Connected Offices at Central and an industrial development Enterprise One. A total of 869 residential, commercial and industrial units worth $725 million were sold.
 
Far East Organization unveiled the design and retail concepts of the latest addition to its stable of retail properties, the $650 million Orchard Central in a coveted site in the centre of Orchard Road. Set to be the tallest pure retail destination in Singapore, Orchard Central will introduce a bold new level of urban shopping experience when completed in end 2008.
 
Work on our retail developments gained pace with the completion of the retail components of Central and Square 2 at the end of last year. Opening to the public early this year, these two urban lifestyle hubs will contribute new and unique shopping experiences to Singapore's retail scene. Icon Village, the cosmopolitan retail concept at Icon, a highly successful project located near Tanjong Pagar MRT Station that set the trend towards loft-style inner city living in Singapore, will also be up this year.  
 
From our hospitality portfolio, Orchard Scotts Residences will debut in March 2007 with 205 stylish and immaculately appointed apartments to welcome guests with a new level of luxury and service excellence in its full suite of amenities and services. Quincy, our hip new 108-room boutique hotel in the Mount Elizabeth area, will cater to the smart set of young travellers who seek a different experience when it is ready in mid 2008.  
 
This year, Far East Organization has conceived a diversity of products that will cater to the different segments of the property market. In the pipeline are a new class of super-deluxe, iconic developments in the prime Orchard Road area as well as quality developments including cluster homes with interesting lifestyle concepts and unique themes to meet the needs of homebuyers.
  • Ground level of cosmopolitan city living development, Icon
  • 28,000 sq ft (109 units ranging in size from 100 to 450 sq ft) of retail space
  • A “stress buster” ambience for busy business executives to unwind
  • Outlets include gelato cafés, wine shops, shochu bars, fashion, beauty and wellness services.
  • Walking distance from Tanjong Pagar MRT Station
  • Opening mid-2007

  • A landmark site along the Singapore River above Clarke Quay MRT Station
  • Designed to house a catchment population of 10,000 users who will live, work, shop, dine and entertain in a dynamic, one-stop, 24/7 destination.
  • 200,000 sq ft of Riverfront Shopping, Riverside Dining
  • Must-visit shops: KUNST Gallery, Newfound, Issui, Kyomomoyama, Nippon-Ya, Girls Talk, The Kiss
  • Opens January 2007
  • Singapore's tallest pure retail destination above Somerset MRT Station
  • 390,000 sq ft (spread over 10 storeys and 2 basement levels) of retail space
  • 160m of highly visible prime frontage along Orchard Road
  • Exceptional shopping ambience with over height ceilings
  • A dynamic urban lifestyle experience and visual treat in the centre of Orchard Road
  • 24-hour “Discovery Walk”, a street-like mall with shops and al fresco refreshment areas
  • Estimated completion in 2008
  • Immediate passage into Novena MRT Station
  • More than 300 shops spread over 150,000 sq ft 
  • Featuring fresh first-to-market concepts by innovative young retail entrepreneurs
  • Dedicated level of Korean fashion, beauty and F&B outlets including Uptown Kidz, Yangpa Zoomoney, Hansang Korean Family Restaurant 
  • Other must-visit shops: WUQS, SISS, Pink Kits Accessories, Maybe fashion, Buds, Botanic Source, Usante
  • Opens January 2007

In 2006, Far East Organization invested more than $1.6 billion in building our development land bank.

The nine sites acquired from government land sale as well as private en bloc sale – Orchard Central, Amberville, Rose Garden, Angullia Mansion, Skyline Angullia, Pacific Court, Waterfront View (jointly with Frasers Centrepoint), Century Ville/Le Marque/Villa Margaux, and a freehold site in the Bukit Timah/Keng Chin roads area – will yield a total of 3.1 million square feet of buildable area.

This is the largest land bank investment made in a single year by Far East Organization, exceeding the total $1.54 billion invested in land and property acquisitions in the preceding six years from 2000 to 2005. The recent acquisitions will enable Far East Organization to conceive and develop an exciting array of quality real estate products to cater to the various segments of the market.

In addition, in December last year Far East Organization’s Hong Kong-based sister company Sino Land clinched the coveted Collyer Quay site for $165.8 million. A world-class waterfront landmark will be built to complete the necklace of attractions around Marina Bay, Singapore’s up and coming 24/7 New Downtown. The development will comprise a luxury boutique hotel with 120 full sea-view rooms along with a hip and trendy commercial and retail concept that is set to make it a must-visit tourist hub, the bustling modern-day Fisherman's Wharf of Singapore. This prime central waterfront development will complement the Group’s historical and international award winning Fullerton Hotel, One Fullerton and The Fullerton Waterboat House.

And in January this year, Far East Organization submitted the winning $131.1 million bid in a URA Sale of Site tender for a hotel site at Sinaran Drive next to the Novena MRT Station. We will invest about $330 million to $350 million developing a hotel with 420 to 450 rooms for the leisure, business and medical tourism markets on the site, which is adjacent to our new lifestyle shopping destination Square 2 and the soon-to-be-completed Novena Medical Center.