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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 Medical Centre 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 505 licensed beds, 30 Medical Centre 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
Strata Area of Property 58,139 sq m
Number of Licensed beds 505
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 100.0%
Name of Lessee (s) Parkway Hospitals Singapore Pte Ltd
Appraised Value (as at 31 December 2009) S$546.3 million1
Location Map Click here to view location map

Note:

  1. The property was valued by CB Richard Ellis Pte Ltd using the Direct Capitalisation Approach, Discounted Cash Flow Analysis and Direct Comparison Method.