Enterprise Statement

Far East Organization is a Christian enterprise. We seek to be a community of love and a workplace of grace that welcomes Christians and non-Christians alike to work joyfully together. As we join hands to build a garden of enterprise that endures (to honour the vision of our late founder, Mr Ng Teng Fong), we want to do good business and to do good in business.

As a Christian enterprise, we embrace the eternal truths of God’s Word. We apply these truths to our business as these are words of life and business is, after all, a part of life itself. Thus, we operate our business on the solid foundation of our values and our rock who is Jesus Christ. Our core values are Business with Grace, Unity, Integrity, Love, Diligence and we practise these values alongside the teachings of Jesus. Our Christian identity is integral to the brand of Far East Organization.


Our Story

Far East Organization, together with its Hong Kong-based sister company Sino Group, is one of Asia’s largest real estate groups. The group has publicly-listed as well as private development and investment companies under its umbrella and operates in Singapore, Malaysia, Australia, Hong Kong and China.


INSPIRE BETTER LIVES
Far East Organization is the largest private property developer in Singapore. Since its establishment in 1960 by the late Mr Ng Teng Fong, Far East Organization has been contributing to the transformation of Singapore’s urban landscape with over 770 developments in the residential, hospitality, retail, commercial, healthcare and industrial space segments, including 53,000 or one in six private homes in Singapore. It is also the city-state’s largest private residential landlord and operates one of the largest hospitality portfolios in Singapore.

Far East Organization is the only developer in the world to have won the prestigious FIABCI World Prix d’Excellence Awards ten times, underscoring its unique achievements in the international real estate arena.

Far East Organization seeks to breathe life into its vision, Inspire Better Lives, by developing properties and operating businesses that strive to exceed customers’ expectations and earn their trust. Led by the belief that the places in which we live, work and play help nurture progress and success, Far East Organization is committed to constantly innovating and creating effective spaces that will improve the lives of customers and users of our properties. We seek to activate ourselves to fulfil our mission as a Christian Enterprise and respond to the call to Inspire Better Lives for our customers, our business partners and our people.

LISTED ENTITIES
Far East Organization includes three listed entities: Far East Orchard Limited and Far East Hospitality Trust and Yeo Hiap Seng Limited.

Established in 1900, Yeo Hiap Seng is an industry pioneer of food and beverage products in Southeast Asia.

Far East Orchard has a diversified portfolio focusing on property development, hospitality real estate development and management and healthcare real estate space.

Launched in 2012, Far East Hospitality Trust is the first and only Singapore-focused hotel and serviced residence hospitality trust listed on the Singapore Exchange Securities Trading Limited (SGX-ST). It is also Singapore’s largest diversified hospitality portfolio by asset value.

A REAL ESTATE EMPORIUM
Far East Organization is a one-stop property emporium offering a comprehensive range of real estate products for sale as well as for lease, from expatriate housing to hotels and serviced residences to retail, office, healthcare and industrial space.

Vision

Inspire Better Lives

Mission

We are a Christian Enterprise, which develops real estate and operates businesses by serving with grace and love, integrity and honesty.

Core Values

We are guided by our core values, BUILD, which stands for:
Business with Grace is about according dignity and respect to all of our staff, business partners, and customers. It is also about valuing relationships and the needs of others. With Grace, we are able to achieve win-win outcomes, without any party profiting at the expense of another. In doing so, we build relationships that endure, and are able to do Good Business and do Good in Business.
At Far East Organization, we are united in our mission to build an enduring enterprise. We recognise the importance of working together as a community, embracing individual styles while accepting differences and opinions, thereby turning our diversity into strength.
At the centre of our business are our core values. And at the literal centre of our core values (BUILD) is Integrity, which is a symbolic expression of how Integrity ties all the other core values together.

Having Integrity means being honest in our dealings with everyone in the marketplace: our business partners, our customers and with each other. Even more importantly, having Integrity requires every individual to live an authentic life, free of personal inconsistencies and contradictions.
Love is characterised by us showing genuine care towards others, whether they are our partners, colleagues, or customers. When we have Love, we will show selflessness and put their well-being before our own.

Having Love also means that we demonstrate loyalty and commitment in our relationships. This commitment is made real whenever we exercise our choices and follow up with our actions. And, the guiding principle behind our actions would be this: To do to others what you would have them do to you.
Diligence is a value that is necessary for our other core values to truly flourish.

Diligent individuals do not need to ‘shout’ about themselves, but strive for excellence in everything they do - even the little things - with quiet confidence. Diligence may not always result in immediate payoffs that we can see. But, if Diligence is present over the long run, it creates an unmistakable impact that all can recognise.

Business Units

Accolades

Far East Organization is committed to providing customers with innovative, quality real estate.

Every development is conceived, executed and delivered with passion, achieving new heights of excellence and setting new standards for the industry. The succession of awards garnered by the Organization speaks volumes for its achievements, culminating in new records on both the international and national real estate arenas.


Corporate Video

Far East Organization Corporate Video play icon

History and Milestones

1960 - 1969
1970 - 1979
1980 - 1989
1990 - 1999
2000 - 2009
2010 - Present
1962
Jalan Pacheli, Serangoon Gardens area - 72 Terrace homes
First residential property development

1967
Katong Seaview Palace, East Coast area
Singapore’s first 2.5 storey homes with turfed rooftop garden

1969
Watten Estate, Bukit Timah area
Built major project of 2.3 million square feet. Land purchased from Harrison and Crosfield. First in Singapore to build homes linked by the car porch.

1969
Singapore Hilton
First foray into public listed company
1970s
Mugliston Hill - Terrace homes
Made inroad into Yio Chu Kang area

1974
Far East Shopping Centre, Orchard Road area
First retail / office development
First foray into Orchard Road
First development in the area to feature a covered pedestrian bridge
First in Singapore to have an atrium, the most number of escalators, and a pair of external escalator

1978
Lucky Plaza
First in Singapore to have a Observatory (Bubble) lift with air-conditioning instead of fan
1983
Far East Plaza
Considered "The Biggest Tourist Shopping Centre in Southeast Asia" then
First on Singapore mainland to have a computerised musical fountain
First residential development offering services

1987
Ming Court Hotel (Renamed Orchard Parade Hotel in 1991)
Acquired stake from Malayan United Industries
1994
ISO 9002
First developer to attain ISO certification for project management

1995
Yeo Hiap Seng
Acquired majority stake in Yeo Hiap Seng

Orchard Parksuites
Completed flagship serviced residence

1997
The Bayshore
Attained the highest Construction Quality Assessment System (CONQUAS) score for the year and received BCA Best Buildable Design Award

1998 - 1999
Far East Square
Opened a conserved commercial development
Received URA Architectural Heritage Award

1999
The Bayshore
First development to receive the FIABCI World Prix d'Excellence award (Residential Category)
Also received the BCA Construction Excellence Award
2000
ISO 9002
Attained ISO certification for customer service

2001
The Fullerton Hotel Singapore
Opened historical General Post Office Building as restored hotel
Received URA Architectural Heritage Award

Far East Square
Second development to receive the FIABCI World Prix d'Excellence award (Specialised Category)

2002
7 BCA Construction Awards
Most BCA Construction Excellence Awards achieved by a single developer in a single year

LevelOne at Far East Plaza
Launched street level retail concept

Gardenville
Third development to receive the FIABCI World Prix d'Excellence award (Residential Category)

Whitewater
First executive condominium

2003
The Fullerton Hotel Singapore
Fourth development to receive the FIABCI World Prix d'Excellence award (Leisure Category)

Icon
First inner city-living project

2004
The Central
First 'live-work-play' project by the Singapore River

2005
Novena Medical Center
First foray into healthcare services

2006
Glutton's Square site (Now: Orchard Central)
Clinched key site on Orchard Road

2008
Set up of Kitchen Language
Far East Organization’s restaurant and franchised food arm

2009
The Quincy Hotel
Singapore's first all-inclusive boutique hotel opened

Orchard Scotts
Fifth development to receive the FIABCI World Prix d'Excellence award (Residential Category)

The Central
Clinched regional Cityscape Asia Real Estate Award for Best Mixed-Use Development – Built

Orchard Central
First new mall to open on Orchard Road in over 10 years

Rental Space for Equity Scheme programme
Conceived the Rental Space for Equity programme to bolster exciting new retail brands and concepts, a first for Singapore retail market

Village Hotels & Residences
Launched new hospitality brand Village Hotels & Residences and the positioning of its cluster of properties
2010
The Central
Sixth development to receive the FIABCI World Prix d'Excellence award (Office Category)

Inessence
Introduced new ultra luxury development arm and brand Inessence

2011
Cold Stone Creamery
Kitchen Language brought Cold Stone Creamery (2011) and Dean & DeLuca (2012) into Singapore for the first time

Novena Specialist Center
Second medical centre venture opened

Oasia Hotel Novena
Launched new hotel brand Oasia with the opening of its flagship property, Oasia Hotel Novena

Far East SOHO
Unveiled brand Far East SOHO to champion a new integrated lifestyle concept

Far East Organization
Awarded Best Developer in Southeast Asia and Singapore by South East Asia Property Awards in 2011 and 2015

2012
Hillvista
Seventh development to receive the FIABCI World Prix d’Excellence (Residential - High Rise Category)

Far East Orchard
Orchard Parade Holdings Limited, Far East Organization’s listed entity, underwent a corporate restructuring exercise and was renamed Far East Orchard

Far East Hospitality Trust
Sponsored the listing of Far East Hospitality Trust (Far East H-Trust) as part of a larger strategy to create structures to support enduring, scalable and sustainable business growth.

2013
Novena Lifestyle and Medical Hub
Eighth development to receive the FIABCI World Prix d’Excellence (Specialised Project-Purpose Built Category)

Expansion of Footprint
Far East Orchard’s hospitality arm, Far East Hospitality, through its partnerships with The Straits Trading Company Limited and Australia’s Toga Group, extended its hospitality footprint into Australia, Denmark, Germany, Hungary and New Zealand

Acquired Watertown Brand Outlet Centre (formerly known as Harbour Town Centre) in Perth and Clocktower Square in Sydney

2014
Acquisition of The Big Idea (TBI)
Kitchen Language acquired TBI to expand its stable of F&B offerings

2015
The Westin Sydney
The Westin Sydney and its adjoining Heritage Retail podium jointly acquired by Far East Organization and Sino Group

Refinery Concepts
Kitchen Language and The Big Idea rebranded to Refinery Concepts

2016
Silversea
Ninth development to receive the FIABCI World Prix d’Excellence (Residential - High Rise Category)

Discovery Walk on Orchard (comprising Orchard Central, 313@somerset and orchardgateway)
Tenth development to receive the FIABCI World Prix d’Excellence (Retail Category)

Corporate Structure

Far East Organization Structure

Listed Entities

Sino Group

Gift of Love

But seek the welfare of the city where I have sent you into exile, and pray to the Lord on its behalf, for in its welfare you will find your welfare.
Jeremiah 29:7

At Far East Organization, we are obliged by our Christian values to seek the welfare of the city, support the causes of the needy and show love to our neighbours.

In grateful thanksgiving to God for the life of our founder Mr Ng Teng Fong, Far East Organization’s gifting initiatives aim to give back to the Singapore community in a way which also preserves the memory and honours the vision of our founder – to build an enduring enterprise, one that does good business and does good in business.


In 2011, a gift of $125 million was made by the Ng family to JurongHealth which was used to set up the JurongHealth Fund in support of needy patients, continued education for hospital staff, facility enhancements and research at the Ng Teng Fong General Hospital and Jurong Community Hospital.

Apart from this, the Ng family also donated $52 million to help launch the Ng Teng Fong Healthcare Innovation Programme at Tan Tock Seng Hospital in 2014. The programme aims to improve patient care delivery through training and innovation across hospitals and institutions.

The Ng Teng Fong Professorship in Real Estate was established in 2013 by the National University of Singapore. This Professorship, supported by a gift from Far East Organization, seeks to attract outstanding academics in the fields of real estate economics, finance and research, with a view to equipping students for an increasingly sophisticated real estate industry.

A gift of $20 million was also made by the Ng family to National Gallery Singapore towards the Gallery’s research, curatorial and exhibition work, with a focus on outdoor presentations of commissioned art. The Gallery’s roof garden exhibition space, named Ng Teng Fong Roof Garden Gallery, showcases an annual Ng Teng Fong Roof Garden Commission series.

Through space philanthropy facilitated by the Government’s Community/Sports Facilities Scheme, Far East Organization has gifted purpose-built spaces at our developments for community use. These gifted spaces are located at Clarke Quay Central, hillV2, Junction 10, Novena Specialist Center, SBF Center, and Orchard Central.

Staff members of Far East Organization also participate in volunteering projects that contribute to inspiring and improving lives, partnering charities and non-profit organisations for the underprivileged, education and youth programmes, and initiatives that strengthen the family framework.


Caring Hearts

Far East Organization actively promotes community involvement among its staff members. Caring Hearts, a staff initiative, was formed to encourage staff members to volunteer and engage in various community and charity causes.

The Caring Hearts Committee works closely with social service organisations including Habitat for Humanity Singapore, St John’s Home for Elderly Persons, Singapore Children’s Society and Trybe. In addition to monetary support by the Organization, the Committee organises regular activities to provide opportunities for staff volunteers to interact and engage the beneficiaries.

In 2016, 455 Caring Hearts volunteers contributed over 2,800 hours of their personal time to participate in these community activities, providing the much needed manpower to help drive the work and outcomes of the social service organisations.


Newsroom

Home News

Home News is an online publication by Far East Organization to provide information on new launches, updates on projects’ construction status as well as interesting lifestyle features for our customers, business associates and other stakeholders.


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Landmark

Landmark provides updates on the latest corporate happenings and features relevant articles for our staff members, business associates and other stakeholders.


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LANDMARKS: 55th Anniversary Commemorative Book

Commemorating Far East Organization’s 55 years of real estate development, LANDMARKS shares the story of the life of its late Chairman, Mr Ng Teng Fong, and his contributions to the urban transformation of Singapore as well as the numerous projects developed by the Organization.


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Whistle Blowing

Far East Organization is committed to a high standard of compliance with accounting, financial reporting, internal controls, corporate governance and auditing requirements and any other related legislation. In line with this commitment, this Whistle Blowing Policy aims to provide a structured and formalised avenue for employees as well as third parties to confidentially raise concerns without fear and reprisal and offer assurance that they will be protected from reprisals for whistle blowing in good faith.

Objectives of Whistle Blowing Policy:

  • Sets the tone for Far East Organization’s zero tolerance towards dishonesty and corrupt practices
  • Provides formal avenues for employees to raise their concerns
  • Enables Management to be informed of misconduct in a timely fashion
  • Assures employees that they will be protected
  • Fosters a culture of openness, accountability and integrity

Reporting Channels

KPMG Ethicsline

Hotline: 1900-3365764

Click Here to report online

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