Century Properties Group, Inc. said it is on schedule to complete its
28-storey outpatient medical building in Kalayaan Ave., Makati.
Some 84 percent of its clinic
spaces have been pre-sold.
The building will cater to
foreign medical tourists as outpatients who will be offered services at an
average of 40 percent discount from their home countries.
The building, Centuria Medical Makati is now on its seventh
floor of construction at Century City in Kalayaan Avenue.
Jose E.B. Antonio, Century
Properties chairman said that Centuria will be completed next year, housing 553
clinics for doctor specialists.
“And if there is a need to run
tests or conduct minor medical procedures for patients, Centuria will offer the
use of its facilities within the
building: the day surgery center, radiology center, diagnostic laboratory,
digital imaging, pharmacy, recovery suites, and an ambulance transfer service,”
said Antonio.
Century Propertied said that
foreign patients who wish to extend their stay in the Philippines can also be
accommodated by Centuria who will have a travel desk and concierge services for
flight arrangements and hotel bookings.
Century has previously developed
three medical buildings 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. We know for a fact that
similar outpatient medical facilities abroad are extremely doing well and we
will bring the best practice to Centuria,” he added.
In 2010, the Philippines posted
$25.3-million in revenues for the health and wellness industry, 60 percent of
which came from foreign visitors. Medical procedures in the Philippines can be
40-80 percent cheaper compared to US hospitals.
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.
To date, 84 percent of Centuria’s
clinic spaces have been pre-sold. Clinic sizes range from 27 square meters to
187 square meters, with a current average price of Php 160,000 per square
meter.
Antonio said Centuria is a rare
offering of premium clinic spaces situated within the vertical mixed-use
development called Century City, and a larger catchment area of residential
villages, corporate offices and Makati’s three-million daytime population.
Century Properties is a
full-service real estate firm with 26 years in real estate development,
marketing and property management. Its medical arts developments include
Medical Plaza Makati, Medical Plaza Ortigas and the medical arts facility of
the Asian Hospital in Alabang.
Century Properties is also
building the Century City Mall in Kalayaan Avenue, Makati. Its premium residential
developments include the Azure Urban Resort Residences in Paranaque City, with
a beach club designed by Paris Hilton; the Knightsbridge Residences at Century
City, Trump Tower at Century City, the Milano Residences interior design by
Versace Home, Acqua Livingstone interior design by MissoniHome; Acqua Iguazu
yoo inspired by Starck; and the Residences at Commonwealth by Century.
ALBERT CASTRO
Business & Investment Opportunities
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