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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 113 hospital beds and the medical centre is a 5-storey block comprising 28 Medical Centre units. The 1st and 5th storey of the medical centre are linked to the 1st and 4th 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
Gross Floor Area of Property 10,993 sq m
Number of beds1 113
Number of Medical Centre units 28
Number of Car Park lots 75
Year of Completion Hospital Building - 1982
Medical Centre - 1987
Committed Occupancy 100.0%
Name of Lessee (s) Parkway Hospitals Singapore Pte Ltd
Appraised Value (as at 31 December 2011) S$45.0 million1
Location Map Click here to view location map

Note:

  1. As at 22 September 2010.
  2. The property was valued by Knight Frank Pte Ltd using using Capitalisation and Discounted Cash Flow Approaches.