Singapore’s first private assisted living development targets 30% first-year occupancy

Singapore's first private assisted living development, Perennial Living, aims to achieve 30% occupancy in its first year, with potential to grow to 80% in the following year, according to Perennial Holdings. Spanning 195,000 sq ft, the residential-like facility offers modern amenities such as floor-to-ceiling windows, kitchenettes, and private lift access for seniors who require assistance but do not necessitate nursing home care.

Perennial Holdings, with a decade of experience in eldercare in China, anticipates the development to attract a diverse range of prospective residents, including those living alone after losing a spouse or whose children have moved overseas. Some residents may require wheelchair access or manage health conditions, while others seek full-time care for relatives with dementia or Alzheimer's disease.

The assisted living apartments, priced between S$8,000 (US$6,260) to S$10,000 (US$7,840) per month, cater to seniors who still maintain some independence but need varying levels of support. These packages encompass accommodation, meals, housekeeping, and access to communal and fitness facilities. Residents also receive comprehensive pre-admission medical assessments, health evaluations, and twice-monthly consultations or treatments, including Western medicine, Traditional Chinese Medicine (TCM), or rehabilitation.

The Nursing Suites, available for S$7,600 (US$5,950) per month, provide respite care with a mandatory minimum stay of three days and additional nursing, rehabilitation, and medical services based on individual needs. Approximately 30% of the beds in the Nursing Suites are reserved for residents with severe dementia, while an additional fee of S$1,200 (US$935) to S$1,500 (US$1,175) per month covers memory care support.

The development also includes Perennial Wellness, a healthcare and wellness center open to the public, featuring a medical center, imaging center, rehabilitation and fitness facilities, and TCM and wellness services. A therapeutic garden, filled with recreated everyday spaces like heritage buses and a vintage post box, aims to stimulate memories and encourage independent movement among residents.