Far East Orchard plans to expand its core asset size by 50% by 2030 at the latest | Lianhe Zaobao
Far East Orchard launched the "FEOR30 Strategy," aiming to increase its core asset management scale by 50% before 2030, from 2 billion to 3 billion. The company plans to increase student dormitory beds to 85,000 and hotel rooms to 25,000, an increase of over 40%. The CEO of Far East Orchard stated that the company will consider entering the housing rental and shared living market in the UK and Europe. As of November, Far East Orchard's stock price has risen by over 14%
In response to rising market demand, Far East Orchard has launched the "FEOR30 Strategy," aiming to increase its assets under management (AUM) by 50% by 2030 at the latest.
As of November this year, Far East Orchard's AUM stands at SGD 2 billion. The company has set a target to reach SGD 3 billion by 2030, representing a 50% increase.
Currently, Far East Orchard owns 55,000 purpose-built student accommodation (PBSA) beds and 17,500 hotel rooms. The company plans to increase the number of accommodation beds and hotel rooms to 85,000 and 25,000, respectively, by 2030, an increase of over 40%.
Further Reading
Far East Orchard's private equity fund raises over SGD 165 million to actively expand into the UK student accommodation market Far East Orchard terminates joint venture agreement with Real Hospitality Group
Far East Orchard's CEO, Cheng Yaoquan, pointed out during a briefing for the FEOR30 Strategy on Monday (November 24) that seeing the rising market demand, the company will consider entering the build-to-rent and co-living markets in the UK and Europe.
As of 12:50 PM on Monday, Far East Orchard's stock price has risen over 14% this year
