Singapore's Rowsley to convert Iskandar project into healthcare hub

 22-Sep-15, Reuters

Singapore's Rowsley Ltd will convert its Iskandar project in Malaysia into a healthcare hub instead of a mixed-use township, the company said on Tuesday, amid a rising supply of homes in the special economic zone.

Image: Reuters

The company said it decided to reposition Vantage Bay "in light of the strong pipeline of residential apartments and prevailing market sentiments for residential apartments in Iskandar Malaysia in the last year."

Vantage Bay Healthcare City will include a specialist hospital, long-term care facilities, a medical school and a wellness resort. The project, which will be built in phases, is expected to have a gross development value of 5 billion ringgit ($1.2 billion).

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