Proximity to hospitals a property +?

Overheard two women talking while I was taking a fruit-break at the Novena Triangle (Novena Square, Square 2 and Tan Tock Seng Hospital), after hectic shopping for medicines for my mother at TTSH and general groceries for the family at Fairprice.

“Recently, there was an article in the Straits Times saying that the next Orchard Road will be Balestier Road,” said one.

(Huh, I thought, since when, and glancing at the speaker out of the corner of my eye, saw she was well dressed, well spoken but still was probably a property agent).

The other woman, probably a client-potential, made a non-committal response, at which the first then made a reference to the second woman’s mother-in-law’s property in the vicinity of where we were ie the Novena Triangle.

“Oh, it must be worth a lot more now, up several millions….”

I couldn’t hear the reply, perhaps the second woman was more circumspect than the first, seeing that apart from me sharing the dining counter at the fruit bar with them was an elderly man, also enjoying his fruit break.

But the first woman wasn’t letting go of the topic.

“It’s now worth several millions more, because Parkway’s new hospital is coming up…”

Hah? I wanted to say. That’s a new one!

From what I remember, when i was living behind what is now the Grand Hyatt, everyone was up in arms when Mt Elizabeth Hospital was being built. The very thought of a hospital in the neighbourhood was tantamount to what rental flats and dormitories for foreign workers signal to today’s house-proud home owners.

I also remember viewing new private high rises on Mandalay Road with the family when everyone thought it a dumb idea to buy a home facing parts of the run-down Tan Tock Seng Hospital.

Later, when a brother did buy a unit there, we all excused his foolishness as his having to be near his work, which happened to the TTSH!

Now, many years later and going by 1) what I overheard concerning Parkway’s appearance in the Novena triangle raising nearby property prices and 2) a Straits Times report about home-owners near Mt Elizabeth Hospital taking in medical tourists as paying guests, it seems hospitals are no longer viewed as pariah neighbours. Quite the opposite.

So, given this trend, rental flats and foreign workers’ dorms could one day boost the property values of their neighbourhood.

Mayb I should start house-hunting in Bukit Merah where one-room rental flats dominate 😉 and be ahead of the herd?

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4 thoughts on “Proximity to hospitals a property +?

  1. I live quite near Changi Hospital and I think it’s a plus in case there is an emergency. But I have never seen so many ambulances come and go in these 2 years!

  2. With an aged mum and also having had some health excitement when my dad was alive, I can now appreciate the benefits of staying close to a hospital. In the past, I was influenced by others’ view that it’s terrible feng shui to open your window and face a hospital.

    I’m not sure I can overcome the prejudice of living near funeral parlours tho. A friend, unhappy when her daughter bought her a unit at Citylight, was even less amused when the daughter joked that with her mum’s friends all ageing, it’s better to be living near S’pore Casket, to make attending wakes easier 😦

  3. Oh dear, I am not sure about being near funeral parlours though…
    Many years ago, our office was located inside a nicely refurbished shophouse development next to Singapore Casket. The feng shui was bad for business. Not only that, our staff were constantly spooked by weird shadows and incidences, one security guard was found dead in the toilet and there was a horrific accident where a car ploughed into the bus stop just outside and killed a couple of people who were waiting for the bus. We moved out before the lease was up.

  4. Your old office is now a hotel I believe? Perhaps the sort of activities that low cost hotels attract may add some “yang” to the “yin” of a funeral parlour n make things better? But seriously speaking, I think all of us have “learned” prejudices against funeral parlours because death and all things associated with it cause sadness and tears. Probably not because there was supernatural feng shui against yr business but because it’s natural for customers not to want to go near that neighbourhood unless they were going to a wake! 🙂

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