Singapore plans to launch fixed-price land tender for a proposed not-for-profit private hospital

The recommended health center would have the ability to house 300 to 400 beds, and offer even more lower-cost exclusive health care choices, media reports mentioned Ong as mentioning.

Singapore’s last private hospital land tender was operated in 2008. On the area, the 333-bed Mount Elizabeth Novena Hospital started in 2012 at a cost of $2 billion, of which about $1.25 billion had gone into the land acquisition, The Straits Times reported.

To make certain lower expenses, the administration intends to stipulate requirements in the tender files, including the fixed-price model. It will also impose constraints on bill sizes, topping them at a particular percentile of the market.

Rivelle Tampines EC floor plan

He disclosed the plans on April 9 at an anniversary event for Mount Alvernia Medical facility– currently the only not-for-profit private acute healthcare facility in Singapore.

The land will be presented via a fixed-price tender. Under this technique, prospective buyers will be reviewed on qualitative requirements including their care model, cost performance, technique to seeking and creating manpower, and their commitment and policies towards affordable health care, said Health Minister Ong Ye Kung.

The Singapore state is seeking to launch a site in the eastern part of the island for a brand-new not-for-profit private acute health center, in what would certainly be the first land release for private health centers in close to two decades.

The intended not-for-profit private healthcare facility will improve the authorities’ initiatives to rein in private healthcare prices and rising insurance costs.

“There are still a few important issues we have to deal with, and I hope we are able to address them and come to a judgment in the second part of the year, to introduce the tender,” he included.