Parkway’s hospital in Novena to be ready by 2011

Parkway Holdings says its upcoming hospital in Novena will be ready by 2011.

The hospital, to be built at the junction of Novena Terrace and Irrawaddy Road, aims to meet the expected increase in demand for hospital beds.

The Parkway Group expects the Singapore market to have a shortfall of as many as 2,000 private patient beds by 2012.

Unveiling detailed plans for its fourth hospital in Singapore, Parkway said the proposed 17-storey hospital will have 72,350 square metres of gross buildable area and will offer 350 beds.

The new hospital will focus on four key areas of treatment – cardiology, orthopaedics, oncology and surgery.

It will also have medical suites and outpatient specialty centres, diagnostic and treatment services, inpatient care, and public and retail spaces.

Parkway put in a bid of S$1.2 billion dollars for the site, a figure that was five times higher than what was offered by a rival listed hospital operator. – CNA/ac

Source : Channel NewsAsia – 21  Feb 2008

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