The former Thong Chai Medical Institution is also known simply as the old Thong Chai Building. Located at 50 Eu Tong Sen Street (formerly 3 Wayang Street), it was gazetted as a national monument on 28 June 1973, among the first eight buildings in Singapore to be gazetted for preservation. It is considered a historical landmark not only because the institution symbolised the spirit of mutual assistance among early Chinese settlers, but also because the building is a rare surviving example of Southern Chinese secular architecture. In 1976, the medical institution relocated to a new building at Chin Swee Road.
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