Iskandar Malaysia allocates 200ha for wellness township

SINGAPORE: Iskandar Malaysia will parcel out about 200ha of land for the proposed joint iconic wellness township project between Malaysia and Singapore.

Malaysia's Khazanah Nasional Bhd and Singapore's Temasek Holding Ltd will form a 50:50 joint-venture company to undertake the development of the project with the participation of private sectors from both countries.

This was announced by Prime Minister Datuk Seri Najib Tun Razak after meeting Singapore Prime Minister Lee Hsien Loong during a leaders' retreat at Shangri-La Hotel here Monday, May 24.

The announcement is the latest tangible development after the idea for the project was mooted during Najib's official visit to Singapore following his appointment as prime minister early last year.

In their joint press conference, both Najib and Lee reiterated their support for the "live work play" wellness township concept proposed by the Joint Ministerial Committee on Iskandar Malaysia (JMC), which would offer holistic wellness services and facilities.

Both leaders hoped to launch the project within a year.

The township will be designed to be vibrant, culturally distinctive, yet socially harmonious and environmentally friendly.

A unique feature of the project will be the encapsulation of "wellness" within activities throughout the township, alongside the integration of traditional healing methods, complementary alternative medicine and modern treatments. -- Bernama
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.