Far East Orchard has reaped success by focusing on hospitality and student housing. Its Group Chief Executive Officer Alan Tang elaborates on its business strategy and vision moving forward.
Nearly a decade after entering the student housing market in the United Kingdom in 2015, Singaporean real estate company Far East Orchard continues to see massive potential for growth. In April 2024, it announced that it had purchased a 49 per cent stake in Homes for Students, a purpose-built student accommodation (PBSA) operator based in the country. Not long after, the company has also recently announced the establishment of its first private FE UK Student Accommodation Development Fund in August.
Homes for Students manages over 40,000 beds in more than 50 university towns and cities in the United Kingdom and Ireland, and is considered the largest independent PBSA operator in the United Kingdom. “With this acquisition, we now have capabilities across investment, asset management and operations,” says Far East Orchard Group Chief Executive Officer...