KL Wellness City
- KL Wellness City (KLWC) will be the first medical city in Malaysia and the region that provides a fully comprehensive & integrated ecosystem of medical, healthcare, wellness & fitness facilities, services and products. Strategically located between Kuala Lumpur City Centre and the Kuala Lumpur International Airport, KLWC will be an ideal destination for domestic and foreign medical tourists.
- The Project is a mixed-development and spread over 7 plots of 26.49 acre land which will be developed and completed within a 10-year period:-
- Plot 1. Medical Specialists Suites with Assisted Living Residence. It will also include a Traditional Chinese Medicine (TCM) centre.
- Plot 2&3. Resort-style Retirement Living Homes.
- Plot 4. Healthcare Mall, SOHO & Office Towers catered for healthcare related companies.
- Plot 5. 624-bed Tertiary Hospital with Centres of Excellence in Fertility, Stem Cells, Gene Therapy, Spine, Cancer, Stroke, Heart, Sports Medicine, Plastic Surgery and Aesthetics with frontier R&D laboratories and facilities for clinical studies.
- Plot 6. Service Apartments and Commercial units.
- Plot 7. Service Apartments, SOHO Towers and Commercial units.
- The Project will house the world’s first Healthcare Mall with every conceivable healthcare products and services including all-kinds of alternative medicine. It will also feature a 24-hour pharmacy.
- KLWC is anticipated to have ≥ 40,000 residents and patrons daily. Its location within one of Kuala Lumpur’s property hot spots, with its comprehensive healthcare and wellness ecosystem will ensure great value for the investor.
- KLWC’s Prospects
- Healthcare is big-business in Malaysia. In 2017, ≥ 1 million healthcare tourists spent RM1.3 bil for medical tourism here. Malaysia is ranked 3rd globally in medical tourism in APAC and is expected to hit RM2.8bn by 2020. The CAGR for medical tourism is between 16%-17%. The growth shows the need for good healthcare services that will double in 5-years time.
- Elderly-care business is growing in Malaysia. The world is ageing including Malaysia and it requires retirement homes and services. In Malaysia, proper infrastructure is important for the elderly-care business. The recent government regulations have exacerbated the closure of nursing homes due to inadequate facilities and services. Moreover, there is an increasing number of foreigners choosing Malaysia as their preferred destination for retirement.
- KLWC is a purpose-built development to leverage on the above growing demands.
- Creating and Maintaining a Sustainable Community within KLWC
- Ability to strongly support Advanced Medicine and High Technology services since KLWC will be on a larger scale than a single hospital environment and will, therefore, represent the full continuum of healthcare and wellness.
- Ability to strongly support Medical Tourism initiatives by creating a true destination healthcare experience for both Patients and Families.
- Capability to enjoy Economies of Scale from the medical facilities coupled with complementary and integrated components that create an eco-system in providing high level standards of care and efficiencies in bringing out the best value for all stakeholders in KLWC.
- KLWC is envisioned to be the first fully integrated and comprehensive Medical and Wellness City in Malaysia and the region; to accommodate the following facilities and services:
- Tertiary Hospital fully equipped with advanced technologies and Centres of Excellence – built in two phases.
- Medical Specialist Suites, Assisted Living Residence and a Traditional Chinese Medicine Centre.
- Medical facilities for R&D and Clinical Studies – focusing on Stem Cell, Genetics & Genomics
- KLWC would also be home to a Healthcare Mall, the first mall of its kind in the world that features comprehensive healthcare, wellness, sports facilities, and related products and services. The range of healthcare products and services in the mall will include a 24-hour pharmacy, alternative medicine services (such as traditional medicine, Ayurvedic medicine, chiropractic, and acupuncture), dietary supplements, and nutritional food and beverages.
- The Healthcare Mall would also feature gymnasiums and fitness centres, indoor badminton courts, indoor futsal, and many more features including Central Park of more than 3.5 acres. Additionally, healthcare-related retail outlets, hair and beauty salons, women’s spa, banking facilities and F&B outlets would be available in the Healthcare Mall for the convenience of all visitors and residents of KLWC.
- KLWC will have advanced Independent Living Units (ILU) and Assisted Living Units (ALU) – these resort-style retirement homes are adjacent to the Hospital, Medical Specialist Suites and the Healthcare Mall.Knowing how close-knit Asians are between children and parents, our Retirement Resort concept extends into a multi-generation home, where living is designed in a way that each family (i.e. a young family and parents) can stay together, and yet have privacy in their own home/ apartments.
- Another component of KLWC is the Office Tower that will be equipped with latest hi-speed telecommunication will house healthcare-related companies.
KLWC team is from the Healthcare industry. We understand the future market on healthcare, the rising ageing population and the Government of Malaysia’s drive to push Medical Tourism. Medical Tourism does contribute to the Gross Domestic Product (GDP) of Malaysia. Medical tourism is the lever to make KLWC vibrant and dynamic.
Malaysia has a dominant position in medical tourism. In 2017, more than one million healthcare tourists visited the country. Domestic hospital revenue touched USD325mn (RM1.3bn), and is expected to hit USD700mn (RM2.8bn) by 2020. Its large target market for healthcare travelers includes Indonesia, China and Vietnam. Some statistics are illustrated below:-
MALAYSIA… A TOP HEALTHCARE TRAVEL DESTINATION
Malaysia has been recognized as the:-
Healthcare and Medical Tourism: Destination of the Year for three consecutive years from 2015 to last year by the ‘International Medical Travel Journal (IMTJ)’.
MHTC Insight 2018
Frost & Sullivan 2018
NST, International Medical Travel Journal (IMTJ)
RIDING THE WAVE OF MEDICAL TOURISM – IT’S A LUCRATIVE MULTI-BILLION RINGGIT BUSINESS
Malaysia has witnessed a remarkable expansion in its medical tourism industry. With strong Government support coupled with the incentives in medical tourism plus the recent Budget announcement to propel the medical tourism industry further, we can expect continued strong growth for 2019 and beyond. Official data from the Malaysia Healthcare Travel Council (MHTC) shows that the country’s medical tourism industry continues to grow at an average of 16% to 17% annually. In comparison, the global average growth is significantly lower, ranging between 12% to 14%.
The fact that Malaysia is ranked first in the “Best Healthcare in the World” category of the 2019 International Living Annual Global Retirement Index, raises confidence of the international community on the country’s healthcare quality. The high confidence in the Malaysian healthcare sector is well-reflected in 2017, more than ≥ 1,000,000 healthcare tourists visited Malaysia.
Malaysia’s cheaper healthcare costs have also made the country one of the most popular medical tourism destinations in the world. According to Patients Without Borders, medical tourists in Malaysia enjoy a savings of about 65% to 80%, compared to the cost incurred in the United States for similar medical procedures.
KLWC is poised to set new heights for Medical Tourism – by congregating top specialists into our location. With these leading medical specialists and centres of excellence in Malaysia, we can expect further influx of medical tourists for medical treatment. This will further propel the Country ahead in medical tourism.
The Promoter has led Alpha Fertility Centre to be the top leading fertility centre to bring in medical tourists from both Indonesia and China in 20181.
The Promoter had also went on to lead Alpha Fertility Centre to bagged the top award of Frost & Sullivan’s 2018 Malaysia Fertility Centre of the Year.
His vast experience in the medical tourism industry makes him well-poised to drive KL Wellness City to become the leading hub for medical tourism in this region.
ALPHA FERTILITY CENTRE BAGGED TOP AWARD -
FROST & SULLIVAN’S 2018 MALAYSIA FERTILITY CENTRE OF THE YEAR
The population of Asia, including Malaysia, is rapidly ageing. In Malaysia, the traditional and conventional nursing/retirement homes are often in dilapidated conditions with many homes soon to be closed in view of the new Private Aged Care Facilities and Services Bill; thus creating an increasing need for replacement facilities.
There is also a rising demand for luxury, premium Retirement Resort catering to the affluent society of Malaysia and the ageing community from abroad.
This is precisely why the Promoter is incorporating a Retirement Resort specially for the golden aged and yet still very active community that now wish to live life to the fullest. Coupled with this is the dedicated Assisted Living Units catering for those that need regular medical care.
Our concept of Retirement Resort for both the Independent Living Units (ILU) and Assisted Living Units (ALU) is to develop a fully integrated and self-sustaining eco-system within our 26.49-acre land to foster closer integration within the communities where:
- Healthcare/Medical Services are within minutes from their doorsteps;
- Conveniences are just a step away – with facilities such as 3.6-acre Wellness Park complete with jogging, walking and cycling paths, indoor fitness centre within the Healthcare Mall, convenience stores providing daily groceries and amenities, cleaning and laundry facilities and services, and many more other conveniences.
- Freedom at last – finally embrace the freedom of doing the things they had always wanted to do in life, or to accomplish the things they had never done before.
- Near to loved ones – inter-generational families concept.
- Sense of privacy and security.
The market for Traditional & Complementary Medicine (T&CM) has been growing in tandem with the increasing demand for T&CM services.
Year-on-year, the number of Outpatients in Malaysia for T&CM is rising at an average rate of 15-20% annually since 2009. In 2017, the estimated annual number of Outpatients is 78,000 compared to 12,000 in 2009. The estimated expenditure on T&CM is RM 504 million in 2017 compared to RM319 million in 2009 resulting a CAGR of 5.9% (Source: MOH – Incorporating Traditional & Complementary Medicine (T&CM) into Pain Management in MOH Hospitals, MOH Health Expenditure Report 1997-2016).
KLWC will have a Traditional Chinese Medicine (TCM) Centre to complement the conventional Western medicine practices.
Traditional Chinese Medicine (TCM) originated more than 2,500 years in ancient China and is rooted in the ancient philosophy of Taoism. One of the basic tenets of TCM is that the body’s vital energy (Chi or qi; i.e. the combination of Fives Phases theory with Yin-and-Yang theory) circulates through channels in the body (called meridians) that have branches connected to bodily organs and functions.
TCM is a unique paradigm of alternative medicine and it encompasses many different practices, including the following practices:
- Herbal Medicine
- Moxibustion (burning of herb above the skin to apply heat to acupuncture points)
- Chinese Therapeutic Massage (tui na)
- Dietary Therapy
- Tai Chi and Qi Gong (practices that combine specific movements or postures, coordinated breathing and mental focus)
TCM has the power to unlock one’s true potential by uniting body, mind and spirit – the foundation of authentic health. It teaches one how to live a life of balance, wellness and harmony. TCM has recently been gaining global recognition.
It was estimated that in 1997, some 10,000 TCM practitioners served more than 1 million patients each year in the United States (USA). According to the 2007 National Health Interview Survey (NHIS), an estimated 3.1 million US adults had used acupuncture, about 2.3 million practiced Tai Chi and 600,000 practiced Qi Gong in the previous year. The number of visits to acupuncturists tripled between 1997 and 20071.
TCM today is now being taught as a complementary subject in medical schools in China as well as in other parts of the world, including Malaysia (e.g. IMU). This is an acknowledgement of the huge demand, beliefs and following of TCM in the world of medicine. KLWC can therefore expect a huge demand for TCM treatment coupled with modern medicine not only China and the ASEAN countries but also from the Western countries.