Siloam Hospitals Kupang & Lippo Plaza Kupang

A linked 4-storey hospital and a 3-storey mall located in Kupang, the capital city of East Nusa Tenggara. The hospital is the most modern and well-equipped facility in the East Nusa Tenggara province while the mall has a rooftop, on which a cinema and parking lots are located.

A linked 4-storey hospital with a basement level and a 3-storey mall located in Kupang, the capital city of East Nusa Tenggara.

  • The hospital is a 4-storey building with one basement floor and 133 vehicle parking spaces.
  • Offers various specialties including Internal Medicine, Anaesthesiology, Cardiology, Obstetrics & Gynaecology, Neurology and General Surgery.
  • The most modern and well-equipped facility in the East Nusa Tenggara province, fitted with advanced diagnostic technologies including 128-slice dual source CT Scanner, X-ray systems, 4-Dimension USG, Mammography, Dental Panoramic system, MRI, Haemodialysis Facility, and a fully equipped medical check-up facility.
  • The mall is a 3-storey building with a rooftop, on which a cinema and parking lots are located. The mall was completed in December 2014 and commenced operations in March 2015.

GROSS
FLOOR
AREA
55,368
sq metres

FY2023
RENTAL
INCOME(1)
S$5.4
million

APPRAISED VALUE(2)
S$49.7
million

PROPERTY TYPE INTEGRATED HOSPITAL & MALL
Centre of Excellence Emergency & Trauma, Obstetrics, Gynaecology and Paediatrics
Land Area 66,060 sq metres
Purchase Price S$75.0 million
Land Title BOT scheme with expiry on 12 May 2041
Remaining Land Title Tenure(3) 17.4 years
Maximum Beds 416
Operational Beds 151
Lease Term 15 years with option to renew for 15 years
Lease Expiry Date SHKP: 31 December 2035
LPK: 13 December 2030
Tenants (SHKP) PT Krisolis Jaya Mandiri(4),
PT Metropolis Propertindo Utama
Tenant (LPK) PT Bumi Sarana Sejahtera(5)
Appointed Valuer C&W
(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

(3) As at 31 December 2023

(4) A subsidiary of PT Siloam International Hospitals Tbk

(5) A subsidiary of PT Metropolis Propertindo Utama