CJMY
Hatten Land Limited and Quantum Healthcare Limited have signed a strategic partnership agreement to establish a specialist outpatient care centre, Quantum Specialist Centre, at Hatten Land’s Imperio Mall in Melaka, according to a press release.
As the anchor tenant of the eight-story mall, Quantum Healthcare will occupy at least 180,000 square feet of space on three floors for medical specialists, aesthetic doctors, and F&B brands, while retaining some of the space for its office use. Quantum Specialist Centre is expected to open in phases from the second half of 2023 and marks Quantum Healthcare’s first overseas expansion.
Melaka, a UNESCO world heritage site, is well-suited to be a regional specialist outpatient care centre, especially now that inter-state and cross-border travel has resumed with Covid-19 restrictions on the way, according to Quantum Healthcare’s CEO, Thomas Tan.
“Melaka is one of several healthcare hubs in Malaysia and the federal government is stepping up efforts to further promote the country as one of the leading medical tourism markets in Asia. Besides Malaysians, we want Quantum Specialist Centre to also target Singaporeans and Indonesians. By our estimates, this center can potentially cater to a catchment area of at least 24 million people – from Singapore, parts of Malaysia and Medan, the capital of North Sumatra in Indonesia,” said Tan.
Revenue from Malaysia’s medical tourism sector is projected to rise to about RM1.7 billion in 2025 from less than RM1 billion in each of the last three years, according to the Malaysia Healthcare Travel Council. Before the Covid-19 pandemic, revenue from the sector increased at a compounded annual growth rate of 16.3% from 2015 to 2019.
Hatten Land is a leading real estate developer in Melaka’s property market. Completed in 2019 with a total net leasable area of approximately 350,000 square feet, Imperio Mall is the retail portion of the mixed-use 3.5-acre Imperio@Hatten City.
Executive Chairman and Managing Director of Hatten Land, Dato’ Colin Tan said: “Medical tourism is an important economic driver and supported by its strong tourism base, Melaka is shaping up to become a key medical tourism hub, targeting the mass market segment with comprehensive and affordable medical services by skilled practitioners.”
Together, the two companies aim to enhance Melaka’s status as a medical tourism hub, contribute to the state’s economic growth and generate more job opportunities for the locals. The agreement exchange ceremony for the Strategic Partnership Agreement is taking place today at SGX Centre and will be witnessed by business partners of both companies as well as officials from the Singapore Exchange.
