IOIProp inks deal for sale of land in Johor

PETALING JAYA: IOI Properties Group Bhd (IOIProp) has entered into an agreement for the sale of a freehold plot of land measuring 4.84 acres within Bandar IOI Segamat, Johor to Oriental Medical Segamat.

This will see Oriental Medical Segamat opening a new medical facility at Bandar IOI Segamat, eventually. The land sale value was not disclosed.

Oriental Medical Segamat is a subsidiary of Melaka Straits Medical Centre Sdn Bhd which is majority owned by Bursa-listed Oriental Holdings Bhd (OHB).

IOIProp said this seeks to expand OHB’s network of healthcare services from Klebang, Melaka to Segamat, Johor and it will also be OHB’s second hospital venture to complement its flagship hospital, Oriental Melaka Straits Medical Centre at Klebang, Melaka.

“Bandar IOI Segamat provides Oriental Medical Segamat with a strategic and accessible location as it is only a short drive away from the town centre and it leverages on Segamat District’s connectivity to federal and state road networks,” said IOIProp CEO Datuk Voon Tin Yow.

“The Segamat district is home to matured residential areas with an estimated population of 185,000 people served by existing facilities and amenities,” he added.

Voon also said this new medical centre in Bandar IOI Segamat would help unlock the potential of this integrated development.

“It will provide connectivity and open doors for other businesses to thrive not only within our development but to surrounding communities within the district as well,” he said.

Bandar IOI Segamat is a 607-acre integrated development with a gross development value of RM1.3bil, consisting of an East Precinct and its extension, the North Precinct.

Upon its completion by the end of 2023, the East Precinct will be providing 5,000 housing units to accommodate a population of 25,000 people and it is expected to be a thriving business and residential hub.