Link: https://links.sgx.com/1.0.0/corporate-announcements/DFZHRTJ4M7UU0WGJ/9e6afc4b75d2d5df6a39c4a4e4b1aca26f436c15ef0cc9c3a1033031f488991e

Summary:

• Landmark 26-acre mixed-use mega project in Johor Bahru announced by Thomson Medical Group, with a projected gross development value (GDV) of over MYR18 billion.

• Integrated development features a healthcare nucleus (multi-disciplinary hospital, aged care, medical suites), luxury residences, five-star hotel, hospitality, commercial and lifestyle zones.

• Strategically located just 1.2km from the new RTS station, minutes from the Causeway and ferry terminals; positioned as the "Marina Bay of Johor" with sweeping sea views and exclusivity.

• Project targets cross-border healthcare, luxury living, medical tourism, regional investors, and professionals, leveraging Johor-Singapore Special Economic Zone momentum.

• Phase One (GDV: MYR3.1 billion) launches a 47-storey ultra-luxury "villas in the sky" residential tower (approx. 180 units) and the Thomson Hospital Iskandariah, projected to generate over 1,200 jobs.

• Healthcare nucleus can expand hospital capacity from planned 500 beds to over 1,000 beds, addressing rising regional demand for private, high-quality healthcare.

• Aims to support Johor's economic growth, job creation, and healthcare infrastructure under the JS-SEZ, complementing public sector services and enhancing Johor’s role as a regional hub.

• Thomson Medical committed to a healthcare-first integrated development vision, while unlocking value from non-core real estate assets across the region.