Singapore's Perennial among those seeking to bank on China's silver economy
As China seeks to quickly address the fast-growing healthcare needs of its ageing population, this has presented opportunities for the private sector and foreign investors. Singapore real estate and healthcare firm Perennial Holdings has opened the first private tertiary general hospital in China to be wholly owned by a foreign company. Perennial also has a 3.5 million square feet site, about the size of 40 football fields, which combines eldercare facilities, hotels and a medical cluster. China's silver economy is touted to exceed US$4 trillion by 2035. Lauren Ong reports.
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