
Incorporated as Ming Court Limited on 28 December
Listed on the Mainboard of the Singapore Exchange
Opening of Ming Court Hotel (renamed as Orchard Parade Hotel in 1991)
Acquired by Far East Organization on 20 June
First property investment via the acquisition of several office units situated in Singapore:
(i) Tong Building, Orchard Road;
(ii) Tanglin Shopping Centre, Tanglin Road; and
(iii) International Plaza, Anson Road.
First overseas acquisition in Kuala Lumpur, Malaysia, consisting of six shoplots at Sungei Wang Plaza and a 24 storey commercial building, Plaza Atrium, in Kuala Lumpur, Malaysia. The Group completed the redevelopment of Plaza Atrium into Oasia Suites Kuala Lumpur in 2016.
Diversified into property development with the successful tender of a parcel of 99 years leasehold land at West Coast Road from the Housing Development Board
Change in name from Ming Court Hotel Limited to Orchard Parade Holdings Limited on 31 December
Renamed as Orchard Parade Hotel from Ming Court Hotel (now known as Orchard Rendezvous Hotel) on 1 January
Completion of the Group’s inaugural residential development project, West Bay Condominium
Diversified into the food & beverage business via an acquisition of 8.9% of Yeo Hiap Seng Limited (“Yeo Hiap Seng”)
Successful takeover of Yeo Hiap Seng with a 51% stake
Completion of Tannery House, the Group’s first industrial property development
Completion of the Group’s residential development - Kew Green, the first townhouse development with a condominium status in Singapore, allowing foreigners to purchase the property
Renamed as Far East Orchard Limited from Orchard Parade Holdings Limited on 27 July
Underwent a strategic restructuring exercise and commenced new businesses in hospitality management and healthcare real estate
Divested 35.0% of its stake in Yeo Hiap Seng to Far East Organization and distributed the remaining 14.5% stake in Yeo Hiap Seng as a Dividend in Specie to shareholders
Injection of three hospitality assets – Orchard Parade Hotel (now known as Orchard Rendezvous Hotel), Albert Court Village Hotel (now known as Village Hotel Albert Court) and Central Square Village Residences (now known as Village Residence Clarke Quay) into Far East Hospitality Trust
Expanded hospitality footprint into Australia, China, Denmark, Germany, Hungary and New Zealand via two milestone joint venture partnerships with The Straits Trading Company Limited and Toga Group
First entry into Europe with acquisition of four hotel properties in Germany and Denmark with Toga Group
First property development project and foray into the Australian residential market - Harbourfront Balmain , located in Sydney, Australia, jointly developed with Toga Group
Diversified into student accommodation in the United Kingdom (“UK”) via the acquisition of a portfolio of purpose-built student accommodation properties in Newcastle upon Tyne, UK
Expanded into the UK residential market with the acquisition of the former Westminster Fire Station located in the prime central borough of the City of Westminster, London, UK, for redevelopment into a mixed-use development comprising residential accommodation and a restaurant
First foray into Japan via a joint acquisition of a hotel project in Ariake, Tokyo with Far East Organization
Completed the acquisition of two purpose-built student accommodation portfolios in the UK