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The Urban Redevelopment Authority (URA) has launched a hospital site at Novena Terrace in Irrawaddy Road for sale by public tender. URA says it has worked with the Health Ministry to identify this site to meet rising demand for healthcare services in Singapore.
According to URA, the site was picked because Novena is fast establishing itself as a distinctive medical cluster in Singapore.
A number of leading medical institutions are already located in the area.
These institutions include the Tan Tock Seng Hospital, which is 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 and the National Skin Centre.
The 1.7 hectare site has a maximum permissible gross floor area of about 72,350 square metres.
URA says the site, which is located in the heart of the Novena medical cluster, provides the opportunity for a world-class hospital development.
This will enhance and complement the existing range of healthcare services in the area.
URA says Singapore, as one of Asia's leading medical destinations, has seen exponential growth in international patient volumes with more than 410,000 visitors in 2006.
This translates to a growth rate of 20 percent per annum.
Singapore expects to receive about one million international healthcare visitors by 2012, and the Novena hospital site will help meet this growing demand.
The tender will close at 12 noon on 15 February 2008.- CNA/so
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