Perennial Holdings unveils Perennial Living, private assisted living development for Singapore’s ageing population

Perennial Holdings has introduced Perennial Living, a private assisted living development in Singapore to cater to the country's growing ageing population. Spanning 195,000 square feet, the facility is situated at 28 Parry Avenue and includes 200 assisted living apartments, dining and entertainment amenities, and a 1.5-hectare therapeutic park designed for seniors.

The park houses a mobility garden with outdoor rehabilitation facilities, senior-friendly fitness stations, a dog run, and a pet therapy zone. Additionally, the Perennial Wellness Centre provides medical care, rehabilitation, and traditional Chinese medicine services for seniors.

Short-term support is available through 100 nursing suites, which cater to respite care needs with a minimum three-day stay. The launch of this private assisted living facility marks Singapore's first of its kind, as the city-state anticipates becoming a "super-aged" society this year.

With monthly rates starting at approximately S$8,000 (US$6,260) for assisted living apartments and S$7,600 for nursing suites, the final price depends on unit size, layout, floor level, and view. Despite the high costs, Perennial Holdings' initiative has been viewed positively by netizens as a "positive step forward" for ageing Singaporeans. However, concerns about the affordability of such premium care have been raised, with some arguing that these prices are unattainable for many ordinary families.

A survey by insurer AIA revealed that more than half of Singaporeans are worried about the escalating costs of living longer. For some older Singaporeans living alone, the financial burden of eldercare has led to tragic consequences, with some seniors dying alone and remaining undetected for days.