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MEDICAL group Parkway Holdings has pushed back the opening date for its hospital in Novena to make savings on construction costs and to tweak its design.
Work on the 350-bed hospital, which has yet to be named, began a year ago and was to have been completed in time for a July 2011 opening. Delaying its debut to early 2012 will save $100 million for the group, said Dr Lim Cheok Peng, the chief executive of Parkway Holdings.
The savings come from the economic downturn depressing the cost of cement and steel; overall, construction costs here have fallen by 15 per cent to 20 per cent in the past year.
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