60 SECTION 05 AL-`AQAR HEALTHCARE REIT PORTFOLIO CAPITAL HOSPITAL SEGMENT OUTLOOK The Malaysian economy is forecasted to grow between 4.0% and 4.8% in 2025, driven by domestic demand arising from higher employment, wage growth, and favourable income-related policy measures. This upward trend is expected to continue in 2026 and beyond. Against the strong economic environment, the disposable income of Malaysians is expected to increase, better positioning the population to allocate funds toward private healthcare services, including long-term care and specialised treatments. The private hospital industry in Malaysia grew between 2019 and 2024, driven by favourable local demographics (i.e., growing population, increasing income level, etc), growing incidence of chronic diseases (including those in CONGO disciplines), increasing life expectancy, rising health insurance spending driving demand for private healthcare, and strong growth from the medical tourism sector. These factors are expected to continue to drive the private hospital industry in Malaysia. WELLNESS CENTRES As a complementary component supporting healthcare delivery and preventive care, Al-`Aqar’s wellness assets represent a modest yet strategic segment within its portfolio. Comprising three wellness and healthcare-related facilities, the segment contributes to the fund’s revenue diversification within the ancillary healthcare space. There are three wellness centres under the REIT’s portfolio, as follows: • Kuantan Care and Wellness Centre 1 wellness centre • Tawakkal Health Centre • KPJ Haemodialysis Kluang 1 wellness centre 1 wellness centre
RkJQdWJsaXNoZXIy NDgzMzc=