Asset Portfolio

Property description

The Mount Elizabeth Hospital Development comprises Mount Elizabeth Hospital, a medical centre and car parks. Mount Elizabeth Hospital is made up of a 10-storey block and a 5-storey block as well as car park lots. The medical centre comprises a 17-storey medical and retail block with a total of 232 Strata units and a car park on the 4th to 8th storey. All the blocks are linked by a common podium with basement car park.

Parkway Life REIT owns 56.71% of the total share value of the strata lots in Mount Elizabeth Hospital Development, representing the Mount Elizabeth Hospital which has 345 beds, 30 Strata units and 363 car park lots.

Competitive Strategies

Largest private hospital in Singapore
Located in the heart of Singapore's prime shopping district of Orchard Road
Excellent access to public transportation
Located adjacent to retail properties such as Paragon Shopping Centre and Lucky Plaza Shopping Centre

Key Statistics

Tenure	Leasehold of 67 years from 23 August 2007
Floor Area	58,139 sq m
Number of beds	345
Number of Strata units	232, of which 30 are owned by Parkway Life REIT
Number of Car Park lots	363
Year of Completion	Hospital building - 1979 Medical Centre - 1979 and 1992
Committed Occupancy	100%
Name of Lessee (s)	Parkway Hospitals Singapore Pte Ltd
Appraised Value (as at 31 December 2023)	S$897 million¹
Location Map	Click here to view location map
Medical Centre Website Link	Click here for more information

Note:

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