Latest news with #PerennialHoldings
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.
CNA
23-06-2025
- Health
- CNA
In China's first dementia village, residents live with dignity in a safe space
XI'AN: Nestled amidst lush greenery, tranquil lakes and the breathtaking Qinling Mountains in Xi'an, the capital of China's Shaanxi province, lies a village designed to offer specialised care to patients with Alzheimer's and other forms of dementia. It is China's first dedicated Alzheimer's care facility, built by Singapore real estate and healthcare firm Perennial Holdings. The Perennial Alzheimer's Care Village Xi'an is also the sixth such facility worldwide, with the first one set up in the Netherlands 20 years ago. FAMILIAR ROUTINES PROVIDE COMFORT The aim of these dementia villages is to blur the lines between home-like comfort and high-quality care, offering residents a dignified and fulfilling living environment, according to Perennial. The 43,000 sq m facility – roughly the size of six football fields – features spaces that replicate familiar settings like a bus stop, an activity centre, a post office, a hair salon and shops. This design allows residents to move about freely, while being monitored for their safety by cameras and facial recognition technology. Trained staff role-play as post office workers or neighbours to offer a sense of community. A supermarket-like space is designed for residents to shop with play money, giving them a sense of independence. One resident who has benefited from this environment is Madam Wang Lai Fei, who suffers from moderate Alzheimer's disease. The 76-year-old used to stay at home after her diagnosis. But her family struggled with her care, including incidents where she got lost. Her daughter-in-law Lu Jing told CNA: 'We had a nanny at home before, but she was unable to watch her all the time. We couldn't manage either and she got lost twice.' Looking for alternatives, Ms Lu and her husband decided to move Mdm Wang to the Perennial facility, which is conveniently located near their home. The senior is now taking music lessons, going for acupuncture and quick strolls at the park - activities that seemed impossible just six months ago. Despite costing more than the US$1,000 a month that Mdm Wang's son Mr Lu would have paid to hire a nanny, the family thinks it is a good decision. "Here, she eats and sleeps well, and her mental state is great. She's like a completely different, more energetic elderly lady. I think it's good,' said Ms Lu. Fees range from about US$1,200 to US$1,800 per month, depending on room type and level of care required for each resident. There are 700 beds across its eldercare complex, including at its nursing and rehabilitation hospitals. Perennial said it hopes to attract more Alzheimer's sufferers to live in the facility and aims to have about 100 residents by year-end. In the meantime, it is renting out rooms to tourists and visitors at US$60 a night, saying that it allows for positive interaction with its patients as it keeps them in touch with the outside world. "Our ramp-up and operations may take a little longer. There's a process of market cultivation, and we also need to identify our target customers,' added Dr Song Xiang Ying, vice dean of Perennial Alzheimer's Care Village Xi'an. Although experts say the effectiveness of such open-concept care facilities requires further research, the approach is still a step in the right direction. Dr Philip Yap, a senior consultant at Singapore's Khoo Teck Puat Hospital, noted that patients may experience agitation, restlessness, and a poor quality of life in an institutional and more healthcare-like medical care facility. "We want to then create spaces that would accommodate their routines and habits,' added Dr Yap, who is also chairman of social services agency Dementia Singapore. DEMAND FOR MORE CARE FACILITIES China has the world's highest number of Alzheimer's patients. Local media reported that nearly 17 million people suffer from dementia, including Alzheimer's disease - the most common type. Over 15 million of them are aged 60 and above. Early this year, authorities rolled out a national action plan to tackle this issue by increasing dedicated care services. By 2030, half of all eldercare facilities in China with more than 100 beds are expected to have dedicated dementia care units. Authorities also hope to train 15 million caregivers to work in the sector. Dr Song noted that the care village received incentives from the local government. 'At present there are two options. If we build a new facility, it's 10,000 yuan (US$1,400) per bed; for renovating an existing one, it's 5,000 yuan per bed,' she said. Dr Song added that the operating subsidy comes with certain conditions. 'We need to operate for a specified period and reach a certain occupancy rate in order to be eligible for it,' she said.
CNA
17-06-2025
- Business
- CNA
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.
CNA
17-06-2025
- Business
- CNA
Singapore's Perennial among those seeking to bank on healthcare needs of China's ageing population
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.
