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Century’s Medical Building 84% Sold

Century Properties Group reported that it has sold 84 percent of the 553 clinics in its Centuria Medical Makati, a 28-storey outpatient medical facility.

According to Century Properties Executive Chairman of the Board Jose E.B. Antonio, the medical arts building project will allow the firm to be an active player in the country’s growing medical tourism industry.

“The P2.1-billion 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 Antonio.

Prior to this, Century has previously developed three medical arts projects in Makati, Ortigas, and Alabang.

“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,” Antonio said.

He added that “we know for a fact that similar outpatient medical facilities abroad are extremely doing well and we will bring the best practice to Centuria.”

Centuria is scheduled for completion in 2014. It will house 553 clinics for doctors specializing in various medical practices, and if there is a need to run tests or conduct minor medical procedures for patients.

Clinic sizes range from 27 square meters to 187 square meters, with a current average price of P160,000 per square meter.

Centuria will offer the use of its special facilities within the building: the Day Surgery Center, radiology center, diagnostic laboratory, digital imaging, pharmacy, recovery suites, and an ambulance transfer service.

To foreign patients who wish to extend their stay in the Philippines, Centuria will have a travel desk and concierge services for flight arrangements and hotel bookings.

To ensure that the building specifications and design are in line with international standards for an outpatient healthcare facility, Century entered into a technical partnership with GE Healthcare in 2010.

“This means Centuria will be a convenient, one-stop destination for people with outpatient requirements, such as day surgery procedures, regular doctors’ consultations, treatments and diagnostic tests,” he said.

Source: Manila Bulletin | February 22, 2013


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