TripleOne (111) Somerset is a commercial development that will house commercial and office spaces as well as medical suites. These spaces will provide a great combination to its future occupants. Addressed at 111 Somerset Road of Singapore. 111 Somerset sits right at the heart of Orchard Shopping belt.Read More
Category: Medical Suites for Sale
Medical Suites is a type of commercial property that are traditional only sold to doctors, specialist, and medical practitioners. They are a niche market that has also open up to investors who saw this as a niche market for investment.
Clinic, the specialist centre can be a good asset for investors as once the clinic is established, the doctors often rent over a long period of time as their patients would probably recognise the clinic address. Also, being a commercial property, it is also not affected by cooling measures in any way.
Nonetheless, even though there are many medical clinics around, however, most of it is for rent and not for sale especially those in hospitals such as Camden and Paragon Medical Suites. There are however limited medical suites for sale and are only for sale to doctors at Mount Elizabeth and Gleneagles to curb speculation.
This niche market has seen price rising steadily over the years as the growth of medical industry, rise in older generation Singaporeans and increase reputation of Singapore as a medical hub has also attracted patients from South East Asia to seek treatment here.
As Novena area slowly progresses into Novena Health City, this niche has also drawn the attention of property developers as they open up this market to both investors and medical practitioners.