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Far East Organization is the largest private real estate developer in Singapore. [1] [2] Founded in 1960 by Ng Teng Fong, [3] [4] the company has businesses in property development, retail, hospitality, [5] and food and beverage [6] brands in Asia and Australia.
City Developments Limited was founded on 7 September 1963 as a property company, initially starting with eight employees in Amber Mansions on Orchard Road.The company subsequently listed on the Malayan Stock Exchange (present-day Singapore Exchange) in November of the same year.
Frasers Property is composed of several business units based in Singapore, Australia, Thailand, the United Kingdom, Vietnam and China. It also operates business units for its hospitality businesses and industrial and logistics holdings.
The national flower of Singapore is the hybrid orchid, Vanda 'Miss Joaquim', named in memory of a Singapore-born Armenian woman, who crossbred the flower in her garden at Tanjong Pagar in 1893. [499] Singapore is known as the Lion City and many national symbols such as the coat of arms and the lion head symbol make use of a lion.
In 2005, the company acquired National Properties Corporation for $61 million. [8] In May 2006, the company changed its name to National Retail Properties, Inc. [9] In 2015, the company acquired 19 Frisch's restaurants in the Cincinnati, Ohio area for $47 million in a leaseback transaction. [10]
The Council for Estate Agencies (CEA) was established on 22 October 2010 as a statutory board of the Ministry of National Development to regulate and develop the real estate agency industry in Singapore.
The Act provided for a drawing on the Past Reserves of a sum not exceeding S$28,312,615,600 [15] (S$49,312,215,600 in total after including the "Resilience" and "Solidarity" Budgets) to alleviate the adverse economic effects caused by the 2020-21 Singapore circuit breaker measures during the COVID-19 pandemic in Singapore.