Far East is Singapore's biggest private property developer
Bankers on Friday started pre-marketing of Far East Reit, a hotel-focused real estate investment trust that is aiming to raise about S$700 million $557 million from an initial public offering in Singapore.
The trust is sponsored by Far East Organisation, which is owned by the Ng family and is the biggest private property developer in Singapore. The same family also owns the Hong Kong-based Sino Group.
According to the current timetable, the...