Raffles Medical Group on track to finish Raffles Hospital extension by next year
It plans to add new beds progressively.
Raffles Medical Group (RMG) can meet its target to complete Raffles Hospital extension by 3Q2017, said DBS Vickers Securities.
Raffles Medical Group started the $310 million extension work, December last year. The building will be 20-storey high with two basements.
Together with the existing hospital building, the combined development will yield a gross floor area of about 530,000 square feet, almost double the size of its existing hospital facilities.
RMG's management plans to move some of their facilities, clinics and office to the new wing when complete, thus, freeing some space in the existing block to add new beds.
Management believes that the opening of new beds will be done progressively in tandem with the demand.
DBS Vickers Securites said that while plans for the remaining space in the hospital extension remains fluid, management may consider utilising some rooms (potentially wards that have yet to open) for patients’ family to provide some convenience for their patients’ family.
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