VANTAGE Bay, an integrated development in Johor Baru that will cost RM10 billion (S$4 billion) in its entirety, has received the nod of approval from the Iskandar Regional Development Authority.
The project is a joint venture between the Johor royal family and Singaporean businessman Peter Lim, and centres on a medical hub to be operated by Thomson Medical Centre. Mr Lim, a 70 per cent stakeholder in the development, bought out the medical group in 2010.
Spanning 10 ha, the waterfront project is a gated city with its own medical campus, residential apartments, hotels, convention centres, shopping malls and commercial offices, and will be fully completed in 10 years.
Thomson Specialist Hospital, a 300-bed tertiary hospital within the medical hub, will be supported by Centres of Excellence (COE) focusing on fertility, diabetes, cardiology and oncology. It will also strike up a public-private partnership with a private wing where medical specialists from public hospitals can practise.