UA-31894581-1 Medical Suite or Clinic for Sale Singapore, Investment

Medical Suites or Clinics for Sale Singapore
New Property Launches



There has been an increasing demand for medical suites or clinics, not just for the doctors but also for the non-medical practitioners for the recent new launches. It is noted that the demand for medical space is not so sensitive to economic trends and business sentiment. If you are looking for a medical suite or clinic investment, have a look athe listing below. If you are owner and intend to sell, please contact Commercial Property Partner, Desmond or fill in the form below.

Central Singapore

District: D05, D06, D07, D08, D09, D10, D11, D12, D21

royal square cosysingapore

Royal Square Novena (TOP OBTAINED)

Irrawaddy Road
By Hoi Hup

- Mix Medical Suites, Shops and Restaurant
- Well-know Medical Hub, Future Health City Novena
- 1 minute covered walk to Novena MRT Station
- Unit Available: 420 sqft, 495 sqft, 517 sqft, 538 sqft, 570 sqft, 657 sqft. 732 sqft, 743 sqft, 786 sqft
- Medical Suites Prices from $2,0xx,xxx. Doctors enjoy additional 5% discount.
Read More...

East Singapore

District: D13, D14, D15, D16, D17, D18

medical suites at east coast

The Flow (FULLY SOLD)

East Coast Road
By Oxley Holdings

- Freehold mix Shops, Medical Clinics and Restaurant
- Distinctive unique facade, facing main road
- Near to future Marine Parade MRT Station
Read More...

Medical Suites or Clinics For Sale

Singapore Medical Sector

Singapore is reputed for their sophisticated medical facilities and advanced medical technology. She is competing with Thailand and Malaysia in the medical tourism trade since 1980s. It is perceived that the quality and depth of medical care in Singapore has developed faster than its neighbors. Along with it, the number of medical personnel in Singapore has grown tremendously.

According to 2014 Bloomberg’s annual healthcare rankings, Singapore was ranked number one in the world, overtaking Hong Kong in health efficiency. The report was based on factors including life expectancy, the cost of health care and total medical expenditure for each person among 51 countries.

There has been an increasing independent medical centres that can be standalone specialist clinics that may have support from the large health care institutions. As a result, there has been an increasing demand for medical suites, not just for the doctors but also for the non-medical practitioners for the recent new launches.

Capital Value

Capital values of medical suites were proven to have doubled over the past decade. After 2010, prices of medical suites surged growing by around 60% between 2010 and 2013. The outlook seems positive and fuel further with stronger demand as the population has more ageing residents.

The Ministry of Health Singapore has unveiled the Budget Initiatives for 2015 with the objective of increasing the access of primary care sector by building more hospitals and specialist centres. By 2020, the government is looking to increase the nursing home capacity by 70% to 17,000 beds by 2020. They are also looking to build four more community hospitals in Jurong, Yishun Sengkang and Outram by 2020.

As a result of these trends, the medical suites sector is growing. There will be a premium for clinics to be housed in established centre. Foreign demands has added on the local demands and resulting in the need for more medical facilities. Singapore medical tourist arrivals are expected to be more than 1 million in 2015.

The Singapore Business review, predicated the medical tourism market to grow by 8.3 per cent annually and reach revenue of $1.36 billion a year by 2018.

A Safer Investment

Medical suites can fall under either commercial or healthcare zoning and these segments of property marketing are not affected by the cooling measures according to Urban Redevelopment Authority (URA). Therefore, it has been attracting developers to take an interest on this industry. The demand for medical space is not so sensitive to economic trends and business sentiment.

Potential Regions

Some of the areas that are becoming the medical hub of Singapore include the Novena and Thomson area. There are huge clustering of medical service facilities, home care and day rehabilitation providers. Up and coming is the Farrer Park and Race Course areas.

References:
a. www.medicaltourismassociation.com
b. Ministry of Health Singapore Budget Initiatives 2015

Welcome to Contact Us

Contact Commercial Property Partner, Desmond at +65 9114 3737 or fill in the form below. We are a group of property agents specially trained and focus in commercial properties. We will get back to you within 24 hours.

Medical Suite for Sale

  • This field is for validation purposes and should be left unchanged.