Perennial Living began phase one of operations at 28 Parry Avenue in Kovan, opening 200 assisted living apartments, the Perennial Wellness center and an all-day dining restaurant called The Olive, according to a Perennial Holdings announcement reported by AsiaOne.

The 195,000 sq ft complex offers Western medical care, rehabilitation therapies and traditional Chinese medicine alongside what the company bills as five-star hospitality.

The basic occupation package covers accommodation, housekeeping and linen service, core meals, use of the development's amenities and access to social and wellness programming.

Apartments come in four layouts spanning 302 to 569 sq ft, with final rates set by size, layout, floor level and the direction a unit faces.

When Perennial unveiled the project on Aug. 28, 2025, it priced the same package at SGD8,900 to SGD17,000 ($6,960 to $13,300) a month, EdgeProp Singapore reported at the time. The developer then offered a 20% early-bird discount on the first 40 units that brought the entry rate to about SGD8,000.

Phase two, the 100-bed nursing suites, is open for bookings and is expected to begin operations in the fourth quarter of 2026, having been slated at launch for the second quarter.

The basic nursing package starts at about SGD7,600 ($5,940) and adds round-the-clock nursing support, help with activities of daily living, medication and treatment administration, doctor reviews and rehabilitation therapy. Suites range from 212 to 374 sq ft and can be booked for respite stays of as little as three days.

Pua Seck Guan, executive chairman and chief executive of Perennial Holdings, said an aging population creates an opening "to redefine what senior living can look like," describing the aim as a community where residents keep their independence rather than simply receive care.

He told The Straits Times he expects the development to reach 30% occupancy by August 2027 and 80% within two years of opening, with break-even targeted over the same period.

Perennial built the SGD260 million ($203 million) project on a 60-year leasehold site it won in June 2023 through a joint tender by Singapore's Ministry of Health and Urban Redevelopment Authority, bidding SGD71.99 million ($56.3 million) against proposals from United Medicare and a consortium led by Evia Real Estate and Allium Healthcare, according to MOH tender records.

MOH said it evaluated care models before opening price envelopes because private assisted living was a new housing-and-care category it was co-creating with the industry.

Participants climb during a seniors parkour class in Singapore, Aug. 11, 2026. Photo by Reuters

Elderly care

The government opened the first public assisted living project, the Community Care Apartments, at Bukit Batok in February 2021, pairing senior-friendly housing with care services that scale as residents' needs change.

Singapore has the highest GDP per capita in Southeast Asia, projected at about $99,000 for 2026 against $35,410 for Brunei, the region's next wealthiest economy, according to International Monetary Fund forecasts.

Singapore citizens aged 65 and above made up 18.4% of the population in June 2022, up from 17.6% a year earlier, and are projected to reach 23.8% by 2030, URA said when it launched the Parry Avenue tender.

Each apartment in the private assisted living project has high ceilings, floor-to-ceiling windows and a kitchenette, and most have private lift access.

Smart systems include remote-controlled curtains, motion-sensor lighting, 24-hour emergency response, bedside vital-signs monitors, fall detection and facial-recognition entry, with optional in-unit camera access for designated family members.

Perennial Wellness, which also treats outpatients from the public, houses a Western medical center, an imaging center with X-ray and ultrasound, a hospital-grade rehabilitation and fitness center and a TCM center. The company says its hydrotherapy pool is the largest in Singapore.

The rehabilitation floor carries robotic and conventional equipment of the kind found in hospitals, alongside what Perennial describes as Singapore's first private GymTonic studio. The Lien Foundation started the strength-training program in 2015 to counter age-related muscle loss and has run it mainly at community and nursing home sites.

Residents have a panel of specialists on site, including cardiologists, urologists, rehabilitation physicians and pain management doctors.

Perennial has carried over the dementia care model from its Alzheimer's Care Village in Xi'an, which the company positions as China's first and the world's sixth such facility, trade publication McKnight's Senior Living reported.

Two assisted living blocks and part of the nursing block are given over to residents with dementia, who also receive dementia-focused TCM therapies as non-drug intervention.

Those residents can use a Music Bus, a full-sized heritage bus fitted with a jukebox, gramophone and piano, along with a Travel Shop and a Hair Salon Bus.

The garden runs on a continuous loop pathway and includes a working bus stop, telephone booths and a post box for sending postcards.

Residents must be at least 65 and commit to a minimum three-month stay in assisted living.

Meals at The Olive, which is open to the public, come from chefs and in-house dietitians drawing on the central kitchen of Wilmar International, the Singapore-listed agribusiness that is a key Perennial shareholder and has worked with the developer on food and nutrition since the tender win.