Singapore companies tap China’s silver economy in Tianjin

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Foreign investors have seized opportunities as China’s population greys and fewer babies are born.

Perennial International Healthcare and Business City Tianjin has three hospitals offering over 1,000 beds in total and three eldercare facilities.

Called Perennial International Healthcare and Business City Tianjin, the 3.5 million sq ft project has three hospitals offering over 1,000 beds in total and three eldercare facilities including an eldercare home. He is in China for bilateral meetings and to co-chair the Singapore-Tianjin Economic and Trade Council meeting along with Tianjin Mayor Zhang Gong. Mr Lee is accompanied by Senior Minister of State for Foreign Affairs and National Development Sim Ann and a business delegation of more than 50 representatives from Singapore firms and organisations.

As the Tianjin centre is Tiong Seng’s first foray into the silver economy, the firm aims to build up expertise in this area in Tianjin, before seeking more opportunities in Singapore and other Chinese cities.dropping by almost US$15 billion in the second quarter of 2024. But some foreign investors have seized opportunities as China’s population greys and fewer babies are born.

Mr Pua Seck Guan, executive chairman and chief executive of Perennial Holdings, told The Straits Times that the company’s focus is to meet the demand for senior healthcare in China. There are plans to replicate the integrated model, he said, in other projects in places like Kunming, Xi’an and Chengdu.

 

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