SINGAPORE: Thomson Medical Group on Monday (Aug 25) announced the launch of a mega project that includes a private hospital, as well as residential and commercial properties, in Malaysia’s Johor.
The RM18 billion (US$4.3 billion) project, known as Johor Bay, is one of Southeast Asia’s largest ventures of its kind, according to the Singapore-listed healthcare company.
Located within the Johor-Singapore Special Economic Zone, it will include Thomson Hospital Iskandariah, specialist suites, aged care facilities and a life sciences tower for medical research.
The 10.52ha development will be anchored by the hospital, which will have the space to accommodate 1,000 beds – an expansion from the planned 500-bed capacity, the group added.
The project will also include luxury residences, a five-star hotel, and commercial-lifestyle precincts catering to regional tourism and medical travellers, it said.
Thomson Medical’s executive vice-chairman Kiat Lim said the project was designed with healthcare at its core to meet the growing regional demand for healthcare-linked living and investment opportunities.
Lim is the son of Singaporean billionaire Peter Lim, who controls Thomson Medical Group.
