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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 143 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 | 143 |
| 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 2023) | S$97 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.
