PERENNIAL marked the official opening of its hospitality cluster and the construction completion of its medical cluster at its transit-oriented development in Tianjin on Wednesday (Sep 25).
The S$1 billion project, located in the Chinese municipality, spans more than 3.5 million square feet (sq ft), and integrates eldercare, medical and hospitality facilities. It sits adjacent to the Tianjin South high-speed railway station.
Its hospitality cluster boasts four hotels – ranging from three to five stars – with more than 960 rooms and over 32,000 sq ft of meeting, incentive, conference and exhibition spaces.
Perennial earlier formed a 49-51 partnership with Chinese hotel operator and manager Minyoun Hospitality to jointly operate the former’s hotels.
The medical cluster features more than 1,000 beds across three hospitals – a tertiary one, a specialist one and one dedicated to customised rehabilitation care in the fields of neurology, orthopaedic, sports medicine, dysphagia and sleep apnea.
Its eldercare cluster started operations in June 2024, with more than 1,800 beds. It comprises a home for healthy seniors, an apartment for seniors with assisted daily living needs and a nursing hospital for those with high care needs.
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Said Perennial’s executive chairman and chief executive officer, Pua Seck Guan: “Perennial Tianjin incorporates Singapore’s co-share medical space concept with shared facilities and services for its general hospital, allowing us to establish partnerships with reputable doctors and medical groups.”
He added: “Our integrated development also aligns with the Chinese government’s Silver Economy strategy, focus on providing integrated eldercare and medical care for seniors, and policy to encourage foreign investment in the healthcare industry.”
With the successful execution of the Tianjin development, the group intends to replicate this integrated model in its high-speed railway projects in Kunming, Xi’an and future sites, said Pua.
Minister for National Development Desmond Lee, who co-chairs the Singapore-Tianjin Economic Trade Council, was guest of honour at the ceremony on Wednesday.
Said the Singapore minister: “This is a good example of Singapore and China companies strengthening cooperation in new growth sectors like silvercare.”
Singapore’s ambassador to China, Peter Tan; the Ministry of National Development’s permanent secretary (development) Melvyn Ong; and senior government representatives from Tianjin City and Xiqing District were also present.
