Far East Orchard completed the acquisition of 49% stake in Homes For Students for $19m.

Far East Orchard, a real estate company, completed the acquisition of 49% stake in Homes For Students, a provider of student accommodation, for $19m. “The strategic acquisition into HFS is in alignment with our FEOR 25 strategy to build a lodging platform to deliver growth and build a sustainable and recurring income stream. It will propel us to surpass our target of 5k beds, ahead of 2025. The continued strong fundamentals in the student accommodation sector, fuelled by domestic and international student demand, support our confidence in this sector for the coming years. We are assured that HFS’ dedicated and capable management team will continue to provide exceptional services to their clients and add value to the students’ experience,” Alan Tang, Far East Orchard CEO.