FAR EAST ORGANIZATION

Australia Post Secretive Sale to Far East

Far East Organization is the largest private property developer in Singapore, founded by Singaporean billionaire Ng Teng Fong in the 1960s. 

Now controlled by the billionaire Ng brothers, along with sister company Hong Kong-based Sino Group, the company has developed 750 properties in Singapore and has established significant inroads into Australia, with more than $2 billion in partnerships and acquisitions in prime Australian locations since 2013.

In May 2015, Far East Organization and the Sino Group acquired The Westin Sydney and its adjoining Heritage Retail podium for $445.3 million .

In May 2017, Far East  acquired the freehold of the historic Sydney GPO in secret, purchasing the entire GPO building and improvements for $150 million.

MEDIA LINKS

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GPO endgame: Sale of most loved building to Singaporean billionaires an asset strip

Published Date: July 29, 2017 | Source: Sydney Morning Herald

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National Trust angered by Sydney GPO sale

Published Date: July 27, 2017 | Source: news.com.au

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Australia Post confirms sale of historic Sydney GPO, seeks heritage listing

Published Date: July 26, 2017 | Source: Sydney Morning Herald

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Interview: Peter Petroulas, Managing Director of GPO Grand

Speaker: Alan Jones | Published Date: July 18, 2017 | Source: 2gb

Secret Sell-Off Sydney GPO by Ahmed Fahour Australia Post

Secret Deal GPO Building

Broadcast Date: June 1, 2017 | Source: Channel 7 | Reporter: Chris Maher | Host: Mark Ferguson

Prime Minister Malcolm Turnball Opposes Sale of Sydney GPO

Calls for PM Malcolm Turnbull to step in as path clears for sale of landmark Sydney GPO

Writer: Michael Evans | Published Date: June 17, 2017 | Source: The Canberra Times

Heritage Sydney

Ire over sale of Sydney icon to Singapore property developers

Writer: Jonathan Pearlman | Published Date: June 11, 2017 | Source: The Straits Times

Heritage Sydey GPP

Sale of Sydney GPO ‘scandalous’

Writer: Jim Mcilroy | Published Date: June 10, 2017 | Source: Green Left

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Aus Post to sell historic Sydney GPO

Published Date: June 9, 2017 | Source: Property HQ

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GPO building sale shows nothing is sacred any more

Speaker: Chris Smith | Published Date: June 5, 2017 | Source: 2gb

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Historic GPO building to be sold

Speaker: Chris Smith | Published Date: June 5, 2017 | Source: 2gb

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Gladys Berejiklian washes hands of secretive $150m Sydney GPO sale to billionaires

Writer: Michael Evans | Published Date: June 4, 2017 | Source: The Sydney Morning Herald

Sydney GPO Building Heritage Development and Proposals

Australia Post’s sale of historic Sydney GPO in Martin Place ‘scandalous’

Writer: Rebekah Ison | Published Date: June 1, 2017 | Source: The Australian Financial Review

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Clover Moore condemns sale of ‘masterpiece’ Sydney GPO, compares to Opera House

Writer: Michael Evans | Published Date: June 1, 2017 | Source: The Sydney Morning Herald

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ANGER OVER DEAL TO SELL MARTIN PLACE GPO BUILDING OFF SHORE

Writer: AAP | Published Date: June 1,2017 | Source: WSFM

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Historic NSW post office sale ‘scandalous’

Writer: Rebekah Ison | Published Date: June 1,2017 | Source: 9NEWS

Australia Post Secretive Sale

Outrage mounts over plan to sell Sydney’s historic GPO to Singapore developer

Writer: David Ross | Published Date: June 1, 2017 | Source: The New Daily

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Australia Post has sold the Sydney GPO to a foreign buyer for $150 million

Writer: Simon Thomsen | Published Date: June 1, 2017 | Source: Business Insider

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Australia Post to sell historic Sydney building to foreign buyers despite heritage concerns

Writer: Sarah Hawke | Published Date: June 1, 2017 | Source: ABC Australia

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Far East Organization stamps its ownership on Sydney GPO

Writer: Ben Wilmot | Published Date: May 4, 2014 | Source: The Australian

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Australia Post thinks again on $300m sale of GPOs

Writer: Kylar Loussikian / Ben Wilmot | Published Date: September 6, 2016 | Source: The Australian

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Return to sender: Australia Post to sell 1 Martin Place

Writer: Simon Thomsen | Published Date: June 1, 2017 | Source: Business Insider

Sydney GPO Building Heritage Development and Proposals

Secretive sale of the Sydney GPO raises questions

Published Date: June 25, 2017 | Source: The Age.