Demand-supply mismatch fuels surge in medical suite prices: DTZ

[SINGAPORE] Prices and rents of medical suites are on the rise and expected to keep increasing, given strong demand amid under-supply, DTZ said in a recent report.

These private clinics, increasingly housed in commercial buildings rather than private hospitals, are also shrinking in size, going below 600 sq ft in newer developments in a bid to make them more affordable to investors on a quantum basis, it noted.

Only until recently were non-medical-practitioners allowed to buy certain medical suites; the sector has grown in appeal to developers and investors alike, thanks to their freedom from the restrictions of any current property cooling measures.