Hospital a great investment choice
“In addition, the country’s ageing population is expected to exceed 15 per cent by 2030, which poses a lot of good potentials and needs for healthcare and medical care for senior people living,” he said.
For the township, among others, he said that the wellness suites are projected to generate a gross yield of double-digit for investors.
He explained that it is known that Airbnb and short-term stay surrounding hospitals have high occupancy and high rental rates not only in the Klang Valley.
“This becomes a very attractive asset class for investors because of its price and as it is built adjoining the large-scale international tertiary hospital,” he said.
Vincent added that the hospital is funded by banks and its shareholders, in which the latter comprise of medical doctors, and they are aiming for an IPO listing in the years following its completion.
He said the hospital is a great investment choice considering the return of investment (ROI) for hospitals in general is at least 20 times higher when compared to the ROI for hotel investments.
“We are targeting RM6 billion ROI for the international tertiary hospital,” he said.
Vincent called on potential investors to put faith in the KL Wellness City project as it not only offers an attractive 3in-1 investment opportunity in medical healthcare, wellness estate and medical tourism but can also help boost the country’s thriving medical tourism industry.
“I foresee another 20 great years of medical tourism revenue and good performance for Malaysia.
“We believe that with the presence and development of our international tertiary hospital, we will able to help draw even more medical tourists from countries already coming to the country such as Indonesia,” he said.
KL Wellness City will be holding a private preview at Hilton Kota Kinabalu Hotel here on April 27 from 2pm to 6pm and April 28 from 9.30am to 9pm.
More information can be found on their website at www.klwellnesscity.com or through their phone line at 010-406 6686.