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Far East Organization CEO Philip Ng helps Sentosa boom

metalslug

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http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_414570.html

He helps Sentosa boom

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Under the six-year helm of Far East Organization CEO Philip Ng, Sentosa saw a rise in visitors and investments. -- ST FILE PHOTO

Philip Ng
Meritorious Service Medal

RELATED LINKS
LIST OF RECIPIENTS - NATIONAL DAY AWARDS 2009
SUMMARY OF NATIONAL DAY AWARDS 2009

AS THE chief executive officer of Far East Organization, Mr Philip Ng manages a real estate empire that encompasses apartments, offices and shopping malls in Singapore and Malaysia.

So it is little wonder that he is being recognised for making a man-made island south of Singapore a piece of choice real estate.

Mr Ng, 51, was chairman of the Sentosa Development Corporation from March 2001 to February 2007. Under his six-year stewardship, Sentosa saw a rise in visitors and investments.

Notably, the sale of 99-year leasehold bungalow land parcels at Sentosa Cove drew prices that surpassed those of freehold good class bungalow sites in prime districts on mainland Singapore at the time.

On being conferred the Meritorious Service Medal this year, he said: 'It is an honour to serve my country and to be able to contribute in some aspects of Singapore's development.'

He took over the reins at Far East from his father Ng Teng Fong, who is Singapore's richest man, in the 1990s. The privately held group built some of the most enduring malls on Orchard Road, including Far East Plaza and Lucky Plaza, and its most recent developments include Orchard Central.

Mr Ng is a director of Sino Group, Far East Organization's sister company. He is also the executive chairman of Orchard Parade Holdings, and chairman of Yeo Hiap Seng.

Michelle Tay
 

Leegimeremover

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Blow cow do not blow it bursts. Interesting things will happen and it will be different from the cow blowing by the media here. Cache all these wonderful news and look at the real situation 6-9 months down the road. You will see some interesting deviation. Tell story today need to tell better. Last time can anyhow tell.
 

makapaaa

Alfrescian (Inf)
Asset
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I must thank this dude for supporting the pigeonhole and bee hive market! *hee*hee*
 

hairylee

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Never buy properties from Far East Organisation. What you see is never what you will get.
 
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