The tenancy agreement between NPC and Medbridge is for 18 months from Aug 1, 2023, to Jan 31, 2025. The agreement also has an option to renew for a further term of one year from the date of expiry.
Singapore Paincare Holdings’ subsidiary, Novena Paincare Center (NPC), has agreed to rent the premises at #07-33 Mount Elizabeth Novena Specialist Centre from Medbridge at a monthly rate of $21,200 per month. The update came via a Feb 14 filing.
The new sum comes after Singapore Paincare’s board engaged an independent property valuer, who issued a valuation report dated Feb 8, valuing the monthly market rent to be at $21,200 or $27.35 per sq ft for 750 sq ft as at Aug 1, 2023, says the company.
