Residential property developer Nusasiri Grand expects to open its second medical resort worth Bt700 million in Phuket after experiencing great success with its first centre in Bangkok.
The firm decided to diversify its development business from residences to medical complexes in response to the government's plan of turning Thailand into a regional medical hub.
Vice president Siriya Thepcharoen yesterday said the medical resort in Phuket, now being built on 130 rai, would offer alternative medicine, conventional medicine, spa therapy as well as rehabilitation.
The Bt700 million investment will cover the construction of the main infrastructure, all facilities and 100 villas.
The investment budget is partly covered by Nusasiri's cash flow and partly from bank loans.
"We're interested in developing property that provides medical services because Thailand is starting to earn a reputation of becoming a medical hub.
"Foreigners recognise this image well. Besides, the global recession is having less of an effect on the healthcare business, so we believe our investments in the healthcare business will be successful," she said.
The Phuket medical resort is expected to open next year, and Nusasiri expects it to reach breakeven point within two years.
The company believes that many well-known clinics, specialised medicine centres and doctors will interested in working at the resort.
Siriya said the success of the Bangkok Mediplex Centre inspired Nusasiri to expand further into the healthcare business. The Bangkok centre, covering five floors of Nusasiri Grand Condo Sukhumvit-Ekamai, is the first medical mall in Thailand and was officially opened yesterday.
Healthcare and beauty clinics, as well as medical shops, including Chirofit Chiropractic Clinic, Romrawin Clinic, DNA Clinic and Metta International Eye Centre, have leased all of the available space at the resort.
Siriya said Nusasiri was expected to generate rental revenue of Bt80 million monthly.
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