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Singapore's Thomson Medical launches US$4.3 billion Johor Bay project

Thomson Medical Group on Monday launched Johor Bay, an RM18 billion mega project in Johor, Malaysia, through its Singapore-listed vehicle after market close.
After Singapore and Malaysia deepened SEZ cooperation last year, Thomson said Johor's lower costs and space compared with Singapore and rising regional demand drove the project.
The development spans 10.52 hectares and is billed as one of Southeast Asia's largest integrated healthcare-led projects, with a first phase GDV exceeding RM3.1 billion including Thomson Hospital Iskandariah and a 47-storey luxury residential tower with about 180 units.
The launch is expected to generate more than 1,200 jobs, supported by state government endorsement and Thomson Medical Group shares rising 4.3% to S$0.049 on Monday.
Construction will begin in 2026 and the first phase targets RTS Link's full operation in December 2026, positioning Johor Bay as a major healthcare and lifestyle hub within the Johor-Singapore SEZ near Bukit Chagar RTS station.

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Bloomberg

Lean Left

Thomson Medical Jumps 39% on New Project in Johor Special Zone

Thomson Medical Group Ltd. surged after announcing an integrated project in the Johor-Singapore Special Economic Zone with an estimated gross development value of 18 billion ringgit ($4.3 billion).

2 days ago·United States

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Channel News Asia

Center

Singapore's Thomson Medical launches US$4.3 billion Johor Bay project

The project will be located 1.2km away from the upcoming RTS station at Bukit Chagar.

2 days ago·Singapore

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The Straits Times

Lean Right

Thomson Medical announces $5.5b project in Johor-S’pore SEZ including 500-bed hospital, hotel

The project will benefit from being close to the upcoming RTS Link, and ferry terminals connecting to Indonesia. Read more at straitstimes.com.

2 days ago·Singapore

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The Star Kuala Lumpur

Right

Thomson Medical unveils RM18bil Johor waterfront project

PETALING JAYA: Thomson Medical Group (TMG) has unveiled plans for a massive waterfront development in Johor Bahru, with a projected gross development value (GDV) of over RM18bil.

2 days ago·Malaysia

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The Independent

Thomson Medical Group set to pump S$5.5 billion to build Johor Bay super project in SEZ

SINGAPORE: Singapore-listed Thomson Medical Group is set to pump S$5.5 billion to launch Johor Bay, a mixed-use development comprising a private hospital as well as commercial and residential properties. The project, which is touted to be one of the largest of its kind in Southeast Asia, will span 10.52 hectares within the Johor Bahru-Singapore Special […]

1 day ago·Singapore

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