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Developer pre-sells over 80% of hospital’s clinic space

Developer Century Properties Group, Inc. has pre-sold more than 80% of clinic spaces in Centuria Medical Makati, a medical complex currently under construction, the company said in a statement Friday.

“To date, 84% of Centuria Medical Makati’s clinic spaces have been pre-sold. Clinic sizes range from 27 square meters to 187 square meters, with a current average price of P160,000 per square meter,” the statement read.

The 553-clinic Centuria Medical Makati is a 28-storey facility at the 3.4-hectare Century City project along Kalayaan Ave. in Bel-Air, Makati City.

It is set to open next year, housing clinics for doctors, a surgery center, radiology center, diagnostic laboratory, digital imaging center, pharmacy, recovery suites, and ambulance transfer services.

Century Properties is the company behind Medical Plaza Makati, Medical Plaza Ortigas, and Asian Hospital’s medical arts facility.

“The P 2.1-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 Jose E. B. Antonio, Century Properties Executive Chairman of the Board in the same statement describing Centuria Medical Makati.

“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 doing extremely well, and we will bring the best practice to Centuria,” he added.

Century Properties was established in 1986 as a high-end developer. It debuted on the stock exchange in September 2011 by way of backdoor, replacing dormant energy firm East Asia Power Resources Corp.

As of end-2012, the developer had already completed 5,560 units across 21 condominium buildings, all with a total gross floor area of 669,857 square meters, in addition to the management of 50 properties.

Century Properties shares fell by two centavos or 0.93% to P2.13 apiece yesterday from P2.15 last Wednesday.

Source: BusinessWorld Online | February 22, 2013


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