Real Estate - , , Australia
Faster Enterprises Ltd (ASX: FE8) is a publicly listed company engaged in the business of property development and management. The company consist of three main operating divisions, namely residential property development, commercial property development and hotel and serviced apartment development in Melbourne, Australia. Over the years, the Company has developed its own integrated business model and strategies for site selection, land acquisition, project conceptualisation, construction, sale and property management. The current primary objective of the Company is to establish a strong brand name for the development and management of quality residential and commercial properties, as well as hotels and serviced apartments in Melbourne, with plans to expand into other major Australian cities in the future. The Company is also investing in modular building technology. With the rising cost of building new homes and the need for affordable housing solutions in Australia, the Company believes that there is a real opportunity for growth in modular housing given the number of benefits that modular housing has over conventional construction such as affordability, reduced time to completion and improved sustainability.
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