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Property description
The Gleneagles Hospital Development comprises Gleneagles Hospital, a medical centre and car parks. Gleneagles Hospital is made up of a 10-storey block with 2 basements and a 5-storey annexe block. The medical centre is a 10-storey block with 3 basements and comprises 164 Strata units from the 2nd to 10th storey. The car parks with an aggregate of 402 car park lots are located at basement 2 to 1st storey of the hospital building and basement 3 to 1st storey of the medical centre within the compound of the development.
Parkway Life REIT owns 69.05% of the total share value of the strata lots in Gleneagles Hospital Development, representing the Gleneagles Hospital which has 257 beds, 10 Strata units and 121 car park lots.
Competitive Strategies
- Close proximity to Singapore's prime residential districts
- Located at the fringe of Singapore's prime shopping district of Orchard Road.
- Excellent access to public transportation
Key Statistics
| Tenure | Leasehold of 75 years from 23 August 2007 |
| Floor Area | 49,003 sq m |
| Number of beds | 257 |
| Number of Strata units | 164, of which 10 are owned by Parkway Life REIT |
| Number of Car Park lots | 402, of which 121 are owned by Parkway Life REIT |
| Year of Completion | Hospital Building - 1991 and 1993 Annexe Block - 1979 Medical Centre - 1991 and 1993 |
| Committed Occupancy | 100% |
| Name of Lessee (s) | Parkway Hospitals Singapore Pte Ltd |
| Appraised Value (as at 31 December 2023) | S$512 million1 |
| Location Map | Click here to view location map |
Note:
- The property was valued by Knight Frank Pte. Ltd. using Direct Capitalisation and Discounted Cash Flow Methods.
