Raffles Medical buying hospital's adjacent site
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INTEGRATED private healthcare provider Raffles Medical Group is acquiring from the Singapore Land Authority a site adjacent to Raffles Hospital for $105.2 million.
The 1,978.1 square metre site has a plot ratio of 5.6 and would yield a gross floor area (GFA) of 11,077.36 square metres.
The purchase consideration will be satisfied by internal resources and bank borrowings.
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