, Singapore

Raffles Medical Group on track to finish Raffles Hospital extension by next year

It plans to add new beds progressively.

Raffles Medical Group (RMG) can meet its target to complete Raffles Hospital extension by 3Q2017, said DBS Vickers Securities.

Raffles Medical Group started the $310 million extension work, December last year. The building will be 20-storey high with two basements.

Together with the existing hospital building, the combined development will yield a gross floor area of about 530,000 square feet, almost double the size of its existing hospital facilities.

RMG's management plans to move some of their facilities, clinics and office to the new wing when complete, thus, freeing some space in the existing block to add new beds.

Management believes that the opening of new beds will be done progressively in tandem with the demand.

DBS Vickers Securites said that while plans for the remaining space in the hospital extension remains fluid, management may consider utilising some rooms (potentially wards that have yet to open) for patients’ family to provide some convenience for their patients’ family.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

Singapore greenfield FDI projects in Dubai rise 22% in 2025
Singapore ranked seventh among Dubai’s source markets, with 33 announced projects worth $265m.
Landed home sales ease to $5.4b in 1H 2026
Prestige landed properties remained resilient, with transaction value rising 19.3% YoY.
Monday Wrap: GDP upgrade, cyber blind spots, and art shift
Mixed signals as hiring softens, wealth competition rises, and tech AI gains continue.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.