Far East Hospitality seeks $528 million from Singapore IPO

The roadshow kicks off today, with cornerstone investors having signed up for more than half of the deal, and the price range indicating a yield of up to 6.8% for 2013.

Far East Hospitality seeks $528 million from Singapore IPO
Most of Far East Hospitality's properties are in the upscale Orchard Road area

Far East Hospitality Trust, a hotel-focused real estate investment trust, is set to start the roadshow today for an initial public offering that could raise up to S$718 million $578 million.

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.

Far East has strong brand name...

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