Siloam Hospitals Makassar

A 7-storey hospital catering to the growing residential and commercial area in Makassar City. The 362-bed hospital is a Centre of Excellence in Cardiology, Emergency & Trauma and Endocrinology.

A 7-storey hospital located in the integrated township of Tanjung Bunga

  • Provides a broad range of quality general and specialist services, including therapeutic services and an extensive range of diagnostic and preventive healthcare services.
  • Equipped with comprehensive state-of-the-art equipment and the latest generation of smart IT-systems in Indonesia, including CT, MRI, ultrasound, mammography and cardiac catherisation system, 58 specialist outpatient clinic suites and three operating theatres.
  • Provides emergency and medical evacuation via designated ambulances and helicopter ambulance services, first-of-its-kind capabilities in South Sulawesi.
  • Well-positioned in a growing residential and commercial area in Makassar City.

GROSS
FLOOR
AREA
15,686
sq metres

FY2023
RENTAL
INCOME(1)
S$5.6
million

APPRAISED VALUE(2)
S$68.3
million
IDR 794.7
billion

PROPERTY TYPE HOSPITAL
Area of Specialty Cardiology, Emergency & Trauma, Endocrinology
Land Area 3,963 square metres
Purchase Price S$59.3 million
Land Title HGB
Maximum Beds 362
Operational Beds 215
Lease Term 15 years with option to renew for 15 years
Lease Expiry Date 31 December 2035
Tenants PT Siloam International Hospitals Tbk,
PT Lippo Karawaci Tbk
Appointed Valuer Knight Frank
(1) Without FRS 116 Adjustment on rental straight-lining; Converted to SGD based on the average exchange rate of SGD 1 = IDR 11,364

(2) As at 31 December 2023; Converted to SGD based on the end of period exchange rate of SGD 1 = IDR 11,628