Rowsley to turn Iskandar project into healthcare cluster
Peter Lim's real-estate vehicle is to develop a specialist hospital and long-term care facilities among other things
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BILLIONAIRE Peter Lim's real-estate vehicle Rowsley has decided against waiting for the Iskandar residential market to recover.
Citing "prevailing market sentiment" and a "strong pipeline" for the residential segment there, the firm announced on Tuesday that it now intends to turn its long-delayed mega Vantage Bay project in Johor into a cluster of healthcare-related facilities with an expected total development value of RM5 billion.
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