by Cheryl TayKhazanah Nasional Bhd and Singapore’s Temasek Holdings will jointly develop the iconic Wellness Township project in Iskandar Malaysia starting next year, reported The Sun Daily.
Covering a total of 207 ha in Medini, Nusajaya (pictured), the Wellness Township will allocate 201 ha for residential projects and 5 ha for commercial developments, said Datuk Ismail Ibrahim, Chief Executive Officer of Iskandar Regional Development Authority (IRDA).
“I understand that the two parties (Khazanah and Temasek), which hold a 50:50 stake in the project, are in the final stages of plan preparation to get the planning approval,” he said.
According to a recent interview with Bernama, Ismail said IRDA has already obtained the application for planning the commercial project on a 5 ha site.
“The commercial component is in the approval stage. I expect building works will start in 2013 at the latest,” he said. This portion will involve the construction of condominiums, serviced apartments, retail units and wellness centres.
Ismail also noted that the construction works for the whole Wellness Township project is expected to be completed within three to four years. Apart from focusing on the healthcare concept at the highest level, residents at the township will be able to enjoy healthcare infrastructure.
“The houses at Wellness Township will be provided with facilities and equipment for owners to enjoy the convenience based on wellness and healthcare. Also, the buildings will have the infrastructure and support services that will provide comfortable living,” added Ismail.
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