Reportedly, the occupancy rate of medical suite units in Singapore has remained high since 2015, driven by the country's aging population and increased health awareness. The demand for medical suite units primarily stems from two sources: healthcare and non-healthcare real estate projects. However, the government seldom releases new sites for healthcare developments, and medical uses in non-healthcare projects face restrictions, leading to a relatively scarce supply of medical real estate.

Data shows that the current total inventory of medical suite units in Singapore is approximately 1,600 units, with investment yields for leasehold exceeding 3%. Against this backdrop, investment yields for medical commercial real estate range from 3% to 3.5%. Buyers mainly consist of professionals in the medical field, including cosmetic surgeons, health screening institutions, and medical groups requiring MRI equipment.

Far East Orchard holds medical suite units at Novena Medical Center and Novena Specialist Medical Center, continually earning stable rental yields. Due to tight supply, rental performance for medical suites remains resilient, even surpassing that of office spaces in prime locations.

With Singapore's aging population expected to continue increasing, the market for chronic disease treatment, nursing homes, and age-related illnesses is projected to further expand. Therefore, healthcare real estate holds excellent development prospects.

Keppel Capital is also seeking opportunities to acquire healthcare real estate. They have partnered with Thailand's Pruksa Holdings to establish a healthcare real estate fund, investing in healthcare-related properties across Southeast Asia. This initiative reflects the development potential and investment value of healthcare real estate.