Singapore-based Black Group Investment Holding is investing USD 74 million to develop a cutting-edge medical and hospitality facility in Kuala Lumpur’s Golden Triangle. The project, named “Meditel,” is set to commence operations in September and aims to redefine the intersection of luxury hospitality and specialized medical care.
The facility will focus on high-demand treatments such as anti-ageing therapies, regenerative medicine, and cell therapy, catering primarily to medical tourists and wellness seekers. Instead of a conventional hospital, Black Group will repurpose a commercial property initially designed for high-end serviced apartments into a premium medical hotel. The development is expected to set a new industry benchmark while reinforcing Malaysia’s position as a premier destination for medical tourism in the region.
The group cited Malaysia’s vast market potential, supportive policies, and strong tourism sector—particularly medical tourism—as key factors in its decision. As part of its expansion in Malaysia, Black Group recently acquired Black Diamond Asset Management Sdn Bhd, a local firm specializing in property investments. This acquisition aligns with the company’s broader strategy to strengthen its presence in real estate and biotechnology, leveraging Malaysia’s growing market and government-backed incentives for foreign investment.
(Source: Free Malaysia Today; Bernama)
