Far East Organization
Encyclopedia
Far East Organization is the largest private property developer in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

. It was founded by Singaporean billionaire
Billionaire
A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...

 Ng Teng Fong
Ng Teng Fong
Ng Teng Fong was a Singaporean real estate tycoon with a major presence in Hong Kong.-History:He was born in a small village in Putian prefecture level city, Fujian province, China...

 in 1960s
1960s
The 1960s was the decade that started on January 1, 1960, and ended on December 31, 1969. It was the seventh decade of the 20th century.The 1960s term also refers to an era more often called The Sixties, denoting the complex of inter-related cultural and political trends across the globe...

. It has two listed subsidiaries, Orchard Parade Holdings Limited and Yeo Hiap Seng Limited. It also has a sister company, Sino Group
Sino Group
Sino Group is one of the largest property companies in Hong Kong. The Group comprises private holding companies owned by the Ng family, and three publicly listed companies:*Tsim Sha Tsui Properties Limited*Sino Land Company Limited...

, one of the largest property developers in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

.

It has developed more than 500 properties in Singapore, especially those in Orchard Road
Orchard Road
Orchard Road is a road in Singapore that is the retail and entertainment hub of the city-state. It is regularly frequented by the local population as well as being a major tourist attraction...

, Singapore's premier shopping
Shopping
Shopping is the examining of goods or services from retailers with the intent to purchase at that time. Shopping is an activity of selection and/or purchase. In some contexts it is considered a leisure activity as well as an economic one....

 and entertainment
Entertainment
Entertainment consists of any activity which provides a diversion or permits people to amuse themselves in their leisure time. Entertainment is generally passive, such as watching opera or a movie. Active forms of amusement, such as sports, are more often considered to be recreation...

 district. It is the only developer in the world to win four FIABCI
FIABCI
FIABCI the International Real Estate Federation, was founded in 1949 by the French asset manager Mr. Pierre Colleville. It was registered as a non-profit professional organisation in Paris on 2 June 1951. It is the only worldwide real estate association that represents all of the real estate...

 Prix d'Excellence Awards, the highest honour in international real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

.
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