Reference

Ng Teng Fong expanded his business into the hotel industry by developing the Singapura Forum Hotel on Orchard Road in Singapore, which was a significant investment costing S$5.5 million. This marked his first foray into the hotel sector. He further expanded with the development of the Hilton Singapore, showcasing his boldness and foresight in the market. These ventures were part of the Far East Organization, which he founded in 1960. The company has since grown to have businesses in property development, retail, hospitality, and food and beverage brands across Asia and Australia. Ng Teng Fong's strategic moves into the hotel industry contributed to the diversification and success of the Far East Organization. For more detailed information, you can refer to the Wikipedia page on Ng Teng Fong or explore the Far East Organization's history.