By Millet Enriquez | Posted: 10 November 2011 2303 hrs
SINGAPORE: Singapore investor Peter Lim is joining forces with the Johor royal family to set up a medical hub and marina city in Johor Bahru.
The two parties signed the agreement Thursday to acquire a 10-hectare freehold waterfront site for the development, a news release said.
The first phase of the project includes the construction of a private hospital and healthcare-related facilities.
This medical hub will also feature serviced apartments, a mega shopping mall and a mega fully-secured car park with sophisticated security systems.
The hospital will have 200 beds and will offer centres for diabetes, orthopaedics, ophthalmology, women's health, and day surgery.
The medical hub is expected to be a one-stop centre for chronic disease management of diabetic patients, among other things.
Thomson International Health Services, a division of Thomson Medical, will manage the hospital when completed.
Singaporeans and Malaysians with Central Provident Fund accounts will be able to use their Medisave reserves for treatment from the upcoming hospital via referrals from Thomson Medical Centre Singapore, the statement further said.
Meanwhile, the marina city -- which includes hotels, residential apartments, waterfront leisure and entertainment facilities and a marina - will be constructed during the second phase of the project.