Perennial banks on eldercare in China for growth

Perennial Real Estate Holdings chief executive Pua Seck Guan said the company's earnings results are likely to improve from next year. ST PHOTO: JASON QUAH
Perennial Real Estate Holdings chief executive Pua Seck Guan said the company's earnings results are likely to improve from next year. ST PHOTO: JASON QUAH

Firm targeting the upper middle income via step-down care model, building integrated developments in 4 cities

Four years after venturing into China's healthcare sector, Perennial Real Estate Holdings chief executive Pua Seck Guan has set his sights on eldercare as the firm's biggest growth area in its medical business - targeting the upper middle income group via a step-down care model.

He is also banking on business travellers and medical tourism within China, building integrated developments near high-speed rail (HSR) stations in four cities, mostly provincial capitals: Chengdu, Xi'an, Tianjin and Kunming.

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A version of this article appeared in the print edition of The Straits Times on October 28, 2019, with the headline 'Perennial banks on eldercare in China for growth'. Print Edition | Subscribe