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 Holdings
Parkway Holdings had its steepest decline in more than six years on concern the company’s $1.25 billion bid for a new hospital site was too high. The bid by Parkway, Singapore’s largest private hospital operator, is as much as five times the price offered by rival Raffles Medical Management, the Urban Redevelopment Authority said. Parkway will be able to build a hospital on the 1.7-hectare site in...
Parkway Life Reit, which derives its revenue from the rental of healthcare space, will make its own independent assessment whether to acquire a new hospital whose site its parent company Parkway Holdings made a record bid for. The $1.25 billion bid by Parkway Holdings - about five times that of rival Raffles Medical - for the Novena site on which the hospital will be built has raised concerns among...
Parkway Holdings has put in a top bid to buy land to develop a new hospital at the junction of Novena Terrace and Irrawaddy Road. It has offered S$1.25 billion for the site, which is double its nearest rival and five times more than the third-placed bidder. Parkway's bid works out at around $185,000 per square foot of gross floor area. This is the first private hospital site made available by the...