Thomson Medical Group has recently announced the launch of its new integrated project, the Johor Bay development, which has a gross development value of RM18 billion. This expansive project is set to cover a 26-acre site within the Johor-Singapore Special Economic Zone and will include a mix of healthcare, luxury residential, hospitality, commercial, and lifestyle components.
Situated just 1.2km away from the upcoming RTS station at Bukit Chagar and in close proximity to the Causeway and regional ferry terminals, the Johor Bay development is strategically located for convenience and accessibility. Thomson Medical Group, under the leadership of former Remisier King Peter Lim, is calling this project “the most expansive private healthcare and real estate venture on prime land in Southeast Asia to date”.
One of the key developments in this project is the Thomson Hospital Iskandariah, which will serve as an anchor for the rest of the development. With Johor’s attractive balance of high living standards and manageable living costs, as well as the imminent completion of the RTS and the growing momentum behind the Johor-Singapore Special Economic Zone, the timing could not be more perfect for this project.
Executive Vice Chairman of Thomson Medical Group, Kiat Lim, says, “The time is right: economic tailwinds, infrastructure momentum, and demographic shifts are converging. We have built a vision for a mega project that will shape the skyline and the future of the JSSEZ bay area for years to come.”
The first phase of the project will include the Thomson Hospital Iskandariah and a 47-storey “ultra-luxury” residential tower. YAB Dato’ Onn Hafiz bin Ghazi, Menteri Besar of Johor, believes that this project is a timely and strategic development that will support the state’s long-term goals.
He adds, “Not only will the Thomson Hospital Iskandariah project help strengthen Johor’s position as a premier healthcare hub in Southeast Asia, but the wider Johor Bay project will also contribute to our overall economic growth agenda under the JS-SEZ.”
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This project has also garnered attention from property developers, with UEM Sunrise and GuocoLand recently signing a Memorandum of Understanding (MOU) to develop a freehold landbank in Iskandar Puteri, Johor as part of the Johor-Singapore Special Economic Zone. With all these developments in the pipeline, it is safe to say that Johor is set to experience a surge in investment and economic growth in the coming years.