Latest news with #PerennialHoldings
Business Times
31-07-2025
- Business
- Business Times
Singapore's Perennial setting up 500 million yuan general hospital in Shanghai
[SINGAPORE] Singapore-based real estate and healthcare company Perennial Holdings announced on Thursday (Jul 31) that it has entered into a partnership with the Lujiazui Administrative Bureau of the China (Shanghai) Pilot Free Trade Zone and Shanghai Lujiazui, to establish the first wholly foreign-owned tertiary general hospital in Shanghai. Perennial General Hospital Shanghai's total investment cost is expected to amount to 500 million yuan (S$90.2 million), with a planned capacity of 500 beds. A foreign medical investment company will be incorporated in the Lujiazui District, Shanghai, to establish the hospital, said Perennial Holdings. The hospital will feature a team of medical experts from China and other countries. Aside from general medical areas such as internal medicine, surgery and health screening, it will house centres of excellence with specialisations including orthopaedics, oncology, cardiovascular diseases and otolaryngology. The healthcare company said that the hospital will be built according to international standards, integrating advanced medical equipment and technology, as well as global service standards. It will also be designed with a garden-style environment, serve as a platform for global medical exchange, and foster collaboration and sharing of clinical expertise, the group added. This move reaffirms the long-term confidence that Perennial Holdings has in China's healthcare market, said executive chairman and chief executive Pua Seck Guan. 'Shanghai is witnessing a burgeoning demand for premium and personalised medical services. The Perennial General Hospital Shanghai will leverage its strategic location to serve both local residents and expatriates in the city, and introduce innovative medical treatments and packages for high-net-worth international clients to support the growth of Shanghai's medical tourism sector,' he added. Perennial Holdings has five healthcare-centric transit-oriented developments typically integrating medical care, eldercare and hospitality components, connected to high-speed railway stations located in Tianjin, Kunming, Chengdu, Xi'an and Chongqing in China. It manages and operates over 25,000 beds in medical and eldercare facilities, comprising about 16,000 operational beds and over 9,000 beds in the pipeline, across 15 cities in China and Singapore. It is set to launch a private integrated rehabilitation and traditional Chinese medicine sanctuary in Singapore, the group said.
Business Times
31-07-2025
- Business
- Business Times
Perennial Holdings enters partnership to establish hospital in Shanghai with 500 million yuan investment
[SINGAPORE] Singapore-based real estate and healthcare company Perennial Holdings announced on Thursday (Jul 31) that it has entered into a partnership with the Lujiazui Administrative Bureau of the China (Shanghai) Pilot Free Trade Zone and Shanghai Lujiazui, to establish the first wholly foreign-owned tertiary general hospital in Shanghai. Perennial General Hospital Shanghai's total investment cost is expected to amount to 500 million yuan (S$90.2 million), with a planned capacity of 500 beds. A foreign medical investment company will be incorporated in the Lujiazui District, Shanghai, to establish the hospital, said Perennial Holdings. The hospital will feature a team of medical experts from China and other countries. Aside from general medical areas such as internal medicine, surgery and health screening, it will house centres of excellence with specialisations including orthopaedics, oncology, cardiovascular diseases and otolaryngology. The healthcare company said that the hospital will be built according to international standards, integrating advanced medical equipment and technology, as well as global service standards. It will also be designed with a garden-style environment, serve as a platform for global medical exchange, and foster collaboration and sharing of clinical expertise, the group added. This move reaffirms the long-term confidence that Perennial Holdings has in China's healthcare market, said executive chairman and chief executive Pua Seck Guan. 'Shanghai is witnessing a burgeoning demand for premium and personalised medical services. The Perennial General Hospital Shanghai will leverage its strategic location to serve both local residents and expatriates in the city, and introduce innovative medical treatments and packages for high-net-worth international clients to support the growth of Shanghai's medical tourism sector,' he added. Perennial Holdings has five healthcare-centric transit-oriented developments typically integrating medical care, eldercare and hospitality components, connected to high-speed railway stations located in Tianjin, Kunming, Chengdu, Xi'an and Chongqing in China. It manages and operates over 25,000 beds in medical and eldercare facilities, comprising about 16,000 operational beds and over 9,000 beds in the pipeline, across 15 cities in China and Singapore. It is set to launch a private integrated rehabilitation and traditional Chinese medicine sanctuary, the group said.
Yahoo
31-07-2025
- Business
- Yahoo
Perennial Holdings, Lujiazui Administrative Bureau and Lujiazui Group Sign Strategic Partnership to Establish Shanghai's First Wholly Foreign-Owned Tertiary General Hospital
SINGAPORE, July 31, 2025 /PRNewswire/ -- Perennial Holdings Private Limited ("Perennial Holdings") is pleased to announce that it has entered into a strategic partnership agreement with the Lujiazui Administrative Bureau of the China (Shanghai) Pilot Free Trade Zone ("Lujiazui Administrative Bureau") and Shanghai Lujiazui (Group) Co., Ltd., ("Lujiazui Group"), under which Perennial Holdings will incorporate a foreign medical investment company in the Lujiazui District to establish Shanghai's first wholly foreign-owned tertiary general hospital ("Perennial General Hospital Shanghai"). Perennial General Hospital Shanghai is expected to be established at a total investment cost of RMB500 million with a planned capacity of 500 beds. The hospital will be built according to international standards, integrating advanced medical equipment and technology, as well as global service standards. It will also encompass an outstanding team of medical experts from China and abroad to deliver patient-centred care. Aside from general medical areas such as internal medicine, surgery and health screening, the hospital will house centres of excellence with specialisations including orthopedics, oncology, cardiovascular diseases and otolaryngology. Designed with a garden-style healing environment and personalised care, the hospital is committed to delivering a safe, efficient and comfortable patient experience. The hospital will also serve as a premier platform for global medical exchange, fostering collaboration and sharing of clinical expertise. Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer of Perennial Holdings, said, "We are delighted to partner the Lujiazui Administrative Bureau and Lujiazui Group, bringing together our collective expertise and reaffirming our long-term confidence in China's healthcare market. Shanghai is a dynamic international financial and trade hub as well as a global tourism destination, attracting business elites, talents and high-net-worth tourists from all over the world. Along with the city's highly cosmopolitan local residents, Shanghai is witnessing a burgeoning demand for premium and personalised medical services." Mr Pua added, "The Lujiazui District stands as the most globalised and comprehensive business ecosystem within Shanghai's financial centre. Located 30 kilometres from the Pudong International Airport and accessible via an eight-minute magnetic levitation train ride, the District enjoys strong international connectivity. The Perennial General Hospital Shanghai will leverage its strategic location to serve both local residents and expatriates in the city, and introduce innovative medical treatments and packages for high-net-worth international clients to support the growth of Shanghai's medical tourism sector. Through the hospital, we are committed to establishing an exceptional healthcare hub with global reach, contributing to the city's development as an international consumption centre." A spokesperson from the Lujiazui Administrative Bureau, said: "We warmly welcome Perennial Holdings' introduction of international medical resources to the Lujiazui District, which will significantly contribute to our vision of building a world-class financial city. The Lujiazui District is a hub for nearly 50,000 domestic and international enterprises and 500,000 professionals. It has a distinctly outward-facing economy, with a highly integrated and developed industrial and urban ecosystem, making it an ideal city for living and working. Striving to become a key hub for Shanghai's "Five Centres" initiative and a leading development zone in the Pudong New Area, the District is focused on promoting regional economic development and optimising its business and living environments. This new hospital will be instrumental in developing Lujiazui District's "Big Health" industry ecosystem and elevation of its reputation worldwide." A spokesperson from the Lujiazui Group, said: "Drawing from Perennial Holdings' international expertise in the healthcare sector, the Perennial General Hospital Shanghai will greatly benefit from Pudong New Area's conducive policies to introduce advanced international medical treatments and healthcare management to meet the diverse healthcare needs of residents across the Yangtze River Delta region and offer world-class medical services catered to expatriates. This hospital will be pivotal in advancing Lujiazui District's infrastructure, fostering integrated innovation across healthcare, finance and technology, while supporting the synergistic growth of Shanghai's international financial centre and the broader health industry." As an integrated healthcare and real estate company, Perennial Holdings has five healthcare-centric transit-oriented developments ("TODs") typically integrating medical care, eldercare and hospitality components, connected to high-speed railway stations located in Tianjin, Kunming, Chengdu, Xi'an and Chongqing. Currently, the company owns, manages and operates over 25,000 beds in medical and eldercare facilities, comprising about 16,000 operational beds and over 9,000 beds in the pipeline, across 15 cities in China and Singapore. For media enquiries, please contact: Ms Tong Ka-Pin Chief Corporate Officer DID: (65) 6602 6828 HP : (65) 9862 2435 Email: Ms Crystal Tan Assistant Manager, Investor Relations, Corporate Communications & Marketing DID: (65) 6602 0994 HP : (65) 8128 8268 Email: About Perennial Holdings Private Limited ( Perennial Holdings Private Limited ("Perennial Holdings") is an established integrated healthcare and real estate company headquartered in Singapore. The company owns, manages and operates over 25,000 beds in medical and eldercare facilities, comprising about 16,000 operational beds and over 9,000 beds in the pipeline, across 15 cities in China and Singapore. In China, Perennial Holdings owns and operates the country's first private integrated healthcare ecosystem, which combines a unique medical platform centred on partnerships with doctors and one of the largest private eldercare platforms in the country. Its comprehensive medical care facilities encompass general, rehabilitation, specialist and nursing hospitals, while its eldercare facilities include independent living, assisted living, nursing homes and dementia care. In Singapore, the Company will operate the nation's first private assisted living development and is set to launch the country's first-of-its-kind private integrated rehabilitation and traditional Chinese medicine sanctuary. Perennial Holdings' quality real estate portfolio spans over 84 million square feet in total gross floor area across China, Singapore, Malaysia and Indonesia. The company focuses strategically on large-scale transit-oriented developments ("TODs"), serving as enablers of its healthcare portfolio, and landmark integrated developments. It has six TODs in China which are connected to high-speed railway ("HSR") stations, of which five located in Tianjin, Chengdu, Kunming, Xi'an and Chongqing, are healthcare-centric, and one commercial-centric HSR TOD is in Hangzhou. View original content to download multimedia: SOURCE Perennial Holdings Private Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Straits Times
07-07-2025
- Lifestyle
- Straits Times
Marina Bay views, vibrant neighbourhood charm and easy city access: Live next to the rejuvenated Golden Mile Complex
With its sought-after location beside the Beach Road landmark, Aurea offers luxury residential living in the heart of a transforming urban district Located in a neighbourhood steeped in history and culture, Aurea offers a luxe respite, while being close to the pulse of the city. Adjacent to the Golden Mile Complex undergoing transformation, a new residential development is taking shape in an area where heritage shophouses sit alongside modern buildings. Here, residents will find themselves in the heart of a district that offers both established neighbourhood character and the conveniences of contemporary city living. Living here means stepping out of your front door to find yourself within walking distance of hip cafes, bustling hawker centres and green spaces along the Kallang River. When you need to commute to work, the Central Business District and the Civic District are just minutes away by car or public transport. That is what you can expect when living at Aurea, the new luxury residential tower by Far East Organization and Perennial Holdings, nestled in the heart of an ever-evolving cityscape. The surrounding area adds to the appeal, with culinary gems and cultural attractions within walking distance. Food enthusiasts will delight in the proximity to establishments such as The Coconut Club on Beach Road, Michelin-starred Hill Street Tai Hwa Pork Noodles on Crawford Lane and Birds of Paradise – Singapore's only gelato boutique to earn a Michelin Guide mention. For a taste of local heritage, Heap Seng Leong, a traditional 1970s Nanyang coffee shop, serves authentic breakfast fare including the signature black coffee with butter. The popular Golden Mile Food Centre is also steps away, featuring well-loved local stalls such as Chung Cheng Chilli Mee and Wen Li Taiwanese Food. There is an endless list of hidden, and not so hidden, gems for those in the know. Beyond dining, residents can explore the vibrant street art scene with murals along Muscat Street and Haji Lane, or visit art galleries and studios in the vicinity such as Mr Lim's Shop of Visual Treasures. This gallery includes curated art from both the local and international scene, and has been featured on publications such as The Straits Times, Lianhe Zaobao and Esquire. The vibrant Haji Lane is perfect for a weekend stroll to the shops and cafes in the area. PHOTO: GETTY IMAGES The area also offers easy access to green spaces with Kallang Riverside Park nearby, which links to Kallang Park Connector for those who appreciate a modern work-life balance and want to pursue a healthy, active lifestyle. Framed by the iconic Beach Road and the bustling Ophir-Rochor Corridor, Aurea is also close to the upcoming Kallang Alive hub for sports, entertainment and leisure activities as well as the Marina Bay business district, and the arts-cultural precinct of Bras Basah-Bugis and Orchard Road. The Marina Bay financial district is close by, making the commute to work an easy one. PHOTO: GETTY IMAGES Right next door, the development is connected directly to The Golden Mile via an elevated link bridge. When fully rejuvenated, The Golden Mile will comprise retail, offices and medical suites. Getting around the city is equally convenient. Drivers will appreciate the easy connectivity to major expressways including Nicoll Highway, East Coast Parkway, Kallang-Paya Lebar Expressway, and the upcoming North-South Corridor. But for a car-lite lifestyle, the Nicoll Highway MRT station is just a five-minute walk away. Low-density luxury with high-rise views Despite placing you near the city centre, Aurea offers a calm, relaxing living space, thanks to its many thoughtful touches and details. For one, the 45-storey residential tower has only 188 residential units. What this means: More privacy and exclusivity, and the promise of more investor-friendly units due to their limited numbers. Homes here have been designed to maximise light, space and functionality to cater to every family lifestyle. Spaces in each of the Prestige Collection two-bedroom homes at Aurea have been designed to maximise light and space, allowing you to plan your home layout as you desire. PHOTO: FAR EAST ORGANIZATION For instance, the Prestige Collection consists of two- and three-bedroom units ranging from 635 sq ft to 1,001 sq ft, maximises usable enclosed spaces with no balconies; a highly efficient layout offering homeowners optimal use of indoor areas. Instead, your home comes with wall-to-wall windows, with some units on the higher floors offering breathtaking views of the city or Kallang Basin. They have also been oriented to enhance light and cross-ventilation, with the kitchens and bathrooms in the two-bedder units designed to let in natural ventilation. Likewise, the kitchen-dining space is creatively integrated to offer a seamless activity zone for those who love hosting friends and bonding over homecooked meals. One home, a multitude of ways to enjoy urban life All around the development, residents can enjoy a fresh take on urban living in the tropics with Aurea's verdant landscaping and Zen-evoking shared spaces like rock and hammock gardens. The Dining Room on level 17 offers unblocked panoramic views of Kallang Basin and Marina Bay. PHOTO: FAR EAST ORGANIZATION Meticulously curated facilities are spread generously across levels three, 17 and 33 for greater privacy, including a well-equipped gym, a bouldering wall and an indoor lounge. The Dining Room on level 17 and the Sky Infinity Pool on level 33 offer unblocked panoramic views of Kallang Basin and Marina Bay, just the place to host unforgettable soirees against this amazing backdrop. In addition, viewing decks on multiple levels let residents soak in the picturesque scenery of their dream home. Enjoy panoramic bay vistas such as the view from level 15. PHOTO: FAR EAST ORGANIZATION With amenities spread across multiple levels, residents have various options for enjoying the surroundings. It is this combination of prime location, well-crafted design and distinctive amenities that sets Aurea apart in the area's changing landscape. From now till July 31, 2025, enjoy a limited-time promotion for two- and three-bedroom luxury homes starting from $2,629 psf*/$1.765 million*. Experience modern city living at the Aurea and The Golden Mile Sales Gallery – 10A Central Lane 1, Singapore 019927. For viewings and appointments, contact Far East Organization at 6534 8000, or visit . *Valid for the first 10 units sold from now until July 31, 2025. Psf and unit price shown are for different units. Subject to change without prior notice. Terms and conditions apply.
Business Times
25-06-2025
- Business
- Business Times
Assisted living in Singapore: Companies face steep costs, but innovation is still possible
[SINGAPORE] Assisted living facilities – which enable elderly folk to live semi-independently with elderly-friendly amenities and care services – are a tough business in land-scarce Singapore. But there is still room for more private operators to pilot new models and innovate. Healthcare and real estate company Perennial Holdings is investing in this space. In 2023, it secured a S$72 million tender to build an assisted-living development in Parry Avenue, with residents expected to move in by the first quarter of 2026. The project will comprise 200 assisted-living apartments, a nursing home with 100 beds, a wellness clubhouse and a geriatric care centre. It is 'very, very difficult to make money' with steep land and labour costs, Perennial chief executive Pua Seck Guan conceded in a recent interview with The Business Times. But the company decided that it would still be worth showcasing such a concept in its home market. Perennial has already built numerous assisted living facilities in China, including a 43,000 square-metre Alzheimer's care village in Xi'an, and wants to apply its learnings here. The need for assisted living facilities in Singapore is clear, with more elderly living longer and staying mobile. Many seniors do not have the high care needs for which traditional nursing homes are meant, Dr Belinda Wee, director of the Assisted Living Facilities Association of Singapore, previously told BT. She co-founded assisted living provider St Bernadette Lifestyle Village in 2015, which runs nine 'villages' for elderly with over 100 beds in Singapore. The assisted-living industry has certainly come a long way from a decade ago, when the concept was still untested. In 2014, The Hillford, a 60-year-leasehold condominium marketed as a retirement resort, ironically attracted many younger buyers as there were no age restrictions. Today, assisted-living developments are more intentionally planned, especially with the government stepping in with Community Care Apartments (CCA) at locations such as Bukit Batok and Queenstown. These flats come with leases ranging from 15 to 35 years, and a service package with 24-hour emergency aid, communal activities and basic health checks. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up But even as the government becomes a key supplier of assisted living units, there is still a need for a mix of both public and private options. The private sector can cater to demand from more niche or high-end segments, relieving pressure on the demand for CCA units. The presence of more private operators can also spur innovation in designing better services to complement the living arrangements. For instance, there is a need for more innovation around designing assisted living facilities for seniors with dementia, with the number of patients projected to hit 152,000 by 2030. Those in the earlier stages of dementia may still wish to live independently in the familiarity of their own neighbourhoods, and can possibly do so if they have the right assisted living facilities and community support. While private sector interest in assisted living is still muted, the outlook is promising. The Parry Avenue tender, for instance, attracted four bids from three developers, all of which the authorities deemed as acceptable. This showed that 'there is no lack of expertise and creativity by market players to grow this niche segment', one expert told The Straits Times. Perhaps it is not a question of whether the private sector will eventually step into the assisted living market here, but when, and what unique business models companies can come up with to balance innovation with profitability.
