MANILA — Listed Century Properties Group, Inc. expects the completion next year of its P2.1-billion medical arts building in Makati City can help boost the country’s medical tourism sector.

“The project is positioned to attract local residents and most especially medical travelers, who are looking for quality treatment in a world-class facility that can offer huge cost savings, as compared to costs of medical treatment in their own countries,” said Century Properties chairman Jose E.B. Antonio.

Century Properties said it is on schedule to complete the construction of the 28-storey outpatient Centuria Medical Makati, which is now on its seventh floor of construction at Century City in Kalayaan Avenue.
Antonio said the project that will house 553 clinics for doctors specializing in various medical practices can serve “as a platform to support the Philippine government’s thrust to offer world-class medical services to foreign patients.”

The company said foreign patients who wish to extend their stay in the Philippines can also be accommodated by Centuria who will have a travel desk and concierge services for flight arrangements and hotel bookings.
Antonio noted that tourism is considered one of the pillars of our country’s economic growth.

“With the added push from the tourism and health departments of our government, Century Properties is very optimistic about the prospects of medical tourism in the Philippines. We know for a fact that similar outpatient medical facilities abroad are extremely doing well and we will bring the best practice to Centuria,” he added.

In 2010, the Philippines posted $ 25.3 million in revenues for the health and wellness industry, 60 percent of which came from foreign visitors.

Medical procedures in the Philippines can be 40 to 80 percent cheaper compared to United States hospitals.

Century Properties, a full-service real еstatе firm with 26 years in real еstatе development, marketing and property management, already developed three medical arts projects in Makati, Ortigas and Alabang.
Meanwhile, Century Properties Group Inc. informed the Philippine Stock Exchange (PSE) that it signed a memorandum of agreement (MOA) with I-Remit, Inc. on Thursday, authorizing and appointing the latter to act as a real еstatе payment collection and remittance agent for its clients abroad.

Source: Zambo Times | February 21, 2013