Latest / Your Way Home with Hongbin Jeong
The Big Story: $52k bid on rental of a GP clinic - Will high rents trickle down to patients?
A S$52,188 monthly rental bid for a general practitioner clinic in a Tampines HDB estate has recently caught the attention of the public. In fact, Health Minister Ong Ye Kung took to social media to express his “dismay” by this news. Will high rents trickle down to patients? In a Facebook post, Mr Ong reassured Singaporeans that bids for future HDB GP clinics will be assessed using a model that focuses less on price, and more on quality of care. So, what would that model look like? And, what kind of impact will we see on current bidding prices and property prices then? On The Big…
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