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The Urban Redevelopment Authority (URA) launched a hospital site at Novena Terrace / Irrawaddy Road for sale by public tender today.Singapore as a Premier Healthcare Hub
Singapore is one of Asia’s leading medical destinations. It has experienced exponential growth in international patient volumes over the last few years with more than 410,000 visitors in 2006. Growing at a rate of 20% per annum, Singapore expects to receive about one million international healthcare visitors by 2012.
With continued economic growth in Singapore and neighbouring countries, there will be increasing demands for basic healthcare and high quality specialist care services such as cardiology, oncology, orthopedics and neurology.
To meet the rising demand for health care services in Singapore, URA worked with the Ministry of Health and identified the site at Novena for sale as a hospital development.
Medical Cluster at Novena
Novena is fast establishing itself as a distinctive medical cluster in Singapore with a number of leading medical institutions already located in the area. These include the Tan Tock Seng Hospital (Singapore’s second largest hospital), Thomson Medical Centre and specialist centres such as the Johns Hopkins International Medical Centre, Novena Medical Centre, National Neuroscience Institute (NNI) and the National Skin Centre (NSC). The Renci Hospital, which is due for completion in 2008, is also located within the Novena medical cluster.
Land Parcel at Novena
Located in the heart of the Novena medical cluster, the 1.7 ha site with a maximum permissible gross floor area of about 72,350 sq m provides the opportunity for a world-class hospital development that will enhance and complement the existing range of healthcare services within the Novena medical cluster.
In line with this intention, at least 35% of the maximum permissible Gross Floor Area (GFA) of the proposed development is to be set aside for hospital in-patient wards. This is to meet growing demand for in-patient care facilities from domestic patients and international medical travellers. In addition, complementary retail uses such as gifts shops and food and beverages outlets will be subject to a maximum 5% of the total GFA as the bulk of the development should be retained for hospital use.
The details of the site are given at Annex A-1 and the location plan at Annex A-2. More details on the site are available on URA website at http://www.ura.gov.sg/sales/NovenaTer/NovenaTer-intro.html
Details of tender
A tender period of about 16 weeks will be allowed for the site. The tender will close at 12 noon on 15 February 2008. Selection of the successful tenderer will be based on the tendered land price only.
Developer’s Packets containing details of the site, development requirements and conditions of tender are available at S$105 each (inclusive of GST). These can be purchased from the Customer Service Counter on the 1st storey of The URA Centre, 45 Maxwell Road, Singapore 069118. The Developer’s Packets can also be purchased via URA-Online at http://www.ura.gov.sg/sales/sale_of_developer’s_packet.html at a cost of S$105 each (excluding delivery charges) for local and overseas purchases.
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For any media enquiries, please contact:
Ms Serene Tng
Manager, Public Relations
Urban Redevelopment Authority
DID: 6329 3224
Email: serene_tng@ura.gov.sg
Ms Julie Sim Boon Lee
Deputy Director, Media Relations
Ministry of Health
DID: 6325 1749
Email: julie_sim@moh.gov.sg
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