Hatten Land’s Imperio Mall in Melaka to Become Medical Mall; Quantum Healthcare Establishes First Specialist Center Outside Singapore
Hatten Land Limited and Quantum Healthcare Limited have entered into a strategic partnership agreement that will see the establishment of a specialist outpatient care center, Quantum Specialist Centre, at Hatten Land’s Imperio Mall in Melaka. As an anchor tenant, Quantum Healthcare will occupy at least 180,000 square feet of space in three floors for medical specialists, aesthetic doctors, and F&B brands. The center is expected to open in phases from the second half of 2023, marking Quantum Healthcare’s maiden foray into the medical and wellness business and its first overseas expansion.
Quantum Healthcare aims to earn recurring income from managing Quantum Specialist Centre, which will be the newest healthcare facility in Melaka once it opens. With this partnership, Hatten Land, a leading real estate developer in Melaka’s property market, has taken a proactive approach to re-purposing its assets with new and innovative concepts. The company has successfully transformed its properties into dynamic destinations that cater to a diverse range of needs and preferences.
“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”, mentioned Thomas Tan, Chief Executive Officer of Quantum Healthcare.
[the_ad id=”10542″]
By collaborating with government agencies and established industry leaders, Hatten Land has contributed to the development of Melaka’s vibrant and thriving property market. Imperio Mall is the retail portion of the mixed-use 3.5-acre Imperio@Hatten City, completed in 2019 with a total net lettable area of approximately 350,000 square feet. Healthcare and wellness travelers generally stay longer and spend more per trip than the average tourist, and Imperio Mall has been repositioned as a medical mall to cater to the growing needs of these medical and wellness tourists and their entourage.
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. According to the Malaysia Healthcare Travel Council, 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.
[the_ad id=”10542″]
Dato’ Colin Tan, Executive Chairman, and Managing Director of Hatten Land, 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.”
Aligned with this trend, the Quantum Specialist Centre at Imperio Mall is expected to cater to a catchment area of at least 24 million people, including Malaysians, Singaporeans, and Indonesians. The exchange ceremony for the Strategic Partnership Agreement took place today at the SGX Centre and was witnessed by business partners of both companies as well as officials from the Singapore Exchange. Together, Hatten Land and Quantum Healthcare 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_ad id=”10542″]
