S'pore firms tap China's silver economy in Tianjin

Perennial launches four hotels as part of $1b development that includes eldercare facilities

- Michelle Ng

TIANJIN – Some Singapore companies are expanding their business in Tianjin, China, targeting opportunities in areas such as the growing silver economy with eldercare and medical facilities.

A $1 billion integrated development in the city, by Singapore property developer Perennial Holdings, officially opened four new hotels on Sept 25. The hotels, ranging from three- to five-star, will not only serve travellers but also support the growth of medical tourism at the development's healthcare 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.

It is located next to Tianjin South high-speed railway station to cater to people from Beijing, Tianjin and Hebei in northern China. It is billed as one of the first developments in China to tap major transit nodes such as high-speed railway stations to provide integrated eldercare, medical care and hospitality.