Radium Launches First Hospital Project in Melaka, Eyeing Growth in Medical Tourism and Wellness Real Estate
Radium Development Bhd has officially broken ground on Radium Hospital @ Ayer Keroh, a 140-bed tertiary care centre that marks the group’s first foray into Malaysia’s healthcare sector through its new division, Radium Healthcare.
The hospital—previously known as A Famosa Specialist Hospital—will be built on a prime 7.11-acre parcel next to the Melaka International Trade Centre (MITC) and within 4km of the PLUS Highway, positioning it as a major healthcare anchor in central Melaka.
A Strategic Pivot Into Healthcare Real Estate
According to group managing director Datuk Gary Gan, the move signals more than just a diversification strategy:
“This groundbreaking represents our commitment to building long-term value through essential services that improve lives.”
The hospital will be operated in partnership with M Life Healthcare Sdn Bhd, led by Radium Healthcare CEO Dr Arun Kumar, who emphasized the project’s broader vision:
“Radium Hospital is not just a facility—it’s the start of a healthcare network rooted in patient-centred care, innovation, and accessibility.”
Key Features of Radium Hospital @ Ayer Keroh
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140 beds for tertiary care
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Slated for completion in 1H 2028
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Located adjacent to MITC, a business and convention hub
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Less than 4km from PLUS Highway, ensuring regional accessibility
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To serve tier-two cities and support Melaka’s growing role in medical tourism
Introducing: Radium Centricity – A 7.11-Acre Wellness Ecosystem
The hospital will anchor Radium Centricity, an upcoming integrated wellness development that will include:
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Healthcare facilities
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Hospitality components (hotels, medical lodges)
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Lifestyle offerings (F&B, wellness retail, fitness, and rehabilitation centres)
This aligns with global trends where medical hubs are integrated into lifestyle real estate, offering a one-stop destination for treatment, recovery, and leisure.
What It Means for Melaka’s Real Estate and Medical Tourism
Melaka is fast positioning itself as a rising medical tourism and retirement living destination, thanks to:
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Strategic location between Kuala Lumpur and Johor
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Growing middle-class population in tier-two cities
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Attractive value proposition for regional and international patients
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Existing tourism ecosystem that supports recovery travel and family stays
The introduction of a modern hospital near MITC boosts:
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Residential demand in nearby townships like Bukit Katil, Ayer Keroh, and Durian Tunggal
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Short-stay hospitality offerings for patients and families
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Commercial activity around MITC and new wellness retail corridors
Why Investors Should Take Note
For investors and developers, this is a strong signal that Melaka is on the cusp of a healthcare-driven property transformation, similar to what we’ve seen in:
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Bangsar South (KL) – anchored by LifeCare Medical Hub
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Iskandar Puteri (Johor) – anchored by Columbia Asia and Gleneagles
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Penang – already a leader in cross-border health tourism
🧭 Opportunities to watch:
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Land near MITC and PLUS interchanges
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High-rise developments catering to healthcare professionals and patients
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Commercial units supporting clinics, pharmacies, and wellness services
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Potential serviced apartments and medical lodges tied to Radium Centricity
Final Thoughts: Healthcare as a New Growth Engine in Malaysian Property
Radium Development’s entry into healthcare reflects a broader trend in Malaysian real estate—where health, wellness, and infrastructure are becoming central to long-term growth. With demand for medical tourism and retirement living on the rise, developments like Radium Hospital @ Ayer Keroh will play a key role in shaping the next generation of wellness-centric communities.
