Also, Woods Square, a property development joint venture, generated higher sales and leasing income.
Far East Orchard has reported earnings of $6.9 million for its 1QFY2024, up 46.8% y-o-y. Revenue in the same period ended March was up 10.4% y-o-y to $50.9 million.
The company attributes the better numbers to growth from its purpose-built student accommodation business. Besides higher rentals, the addition of one of such properties helped as well.
