Asset Portfolio



Property description

The Parkway East Hospital Property comprises Parkway East Hospital, a medical centre and car parks. Parkway East Hospital is a 4-storey block with 106 hospital beds and the medical centre is a 5-storey block comprising 32 Medical Centre units. The 1st and 5th storey of the medical centre are linked to the 1st and 5th storey of the hospital block. The car park lots are located on the 1st storey deck and within the compound of the development.

Competitive Strategies

  • Located on the eastern part of Singapore
  • Easily accessible by public transportation
  • Approximately 15 minutes from the Singapore Changi Airport

Key Statistics

Tenure Leasehold of 75 years from 23 August 2007
Floor Area 10,994 sq m
Number of beds 106
Number of Medical Centre units 32
Number of Car Park lots 75
Year of Completion Hospital Building - 1982
Medical Centre - 1987
Committed Occupancy 100%
Name of Lessee (s) Parkway Hospitals Singapore Pte Ltd
Appraised Value (as at 31 December 2016) S$54.2 million1
Location Map Click here to view location map

Note:

  1. The property was valued by Knight Frank Pte Ltd using Capitalisation and Discounted Cash Flow Approaches.