Perennial Holdings Private Limited (“Perennial Holdings”) yesterday launched Perennial Healthcare City, adjacent to the Chongqing East High-Speed Railway (“HSR”) Station (“Perennial Healthcare City Chongqing”). Chongqing East HSR station is the largest and only national-level HSR hub in Western China.
Perennial Healthcare City Chongqing, which is majority owned and led by Perennial Holdings, is jointly developed with Chongqing Transportation Development and Investment Group Co., Ltd (“Chongqing Transportation and Investment Group”) and China Railway Construction Group Co., Ltd (“China Railway Construction Group”).
The launch ceremony, which was held amid the 10th anniversary of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (“Chongqing Connectivity Initiative”) and as part of the 35th anniversary celebration of diplomatic relations between Singapore and China, was graced by Guest-of-Honour Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry and government officials of the Chongqing Municipal Government.
Please find highlights below:
- The first phase of Perennial Healthcare City Chongqing, spanning approximately 140,000 square meters (“sqm”) and to be developed at a total investment cost of approximately RMB1.5 billion, will comprise a 500-bed Perennial General Hospital, a tertiary general hospital, and several specialist hospitals.
- This first phase is expected to progressively complete from 2028. Subsequent phases, measuring over 260,000 sqm, are expected to comprise eldercare, serviced residences, hospitality and commercial components, when executed.
- Perennial Healthcare City Chongqing will inject fresh momentum into the growth of the healthcare industry in Chongqing, a national central city with a total population of over 32 million, and the Western China region, which has a total population of over 360 million people.
- Chongqing East HSR Station, as a key intersection of five major corridors under China’s ‘Eight Vertical and Eight Horizontal’ HSR plan, further elevates the expansive reach of Perennial Healthcare City Chongqing. Designed to handle an annual passenger volume of 55 million, Chongqing East HSR station will improve connectivity to the Western inland areas, the Eastern coastal region and the Pan-Asian HSR network to ASEAN.
Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer of Perennial Holdings, said, “We are honoured to mark our maiden investment in Chongqing through the introduction of our signature healthcare-centric, integrated transit-oriented development (“TOD”). The establishment of Perennial Healthcare City Chongqing, strategically located adjacent to the largest and national-level HSR station in the country, is a fruition of the strong relationship between the governments of Singapore and Chongqing.”
Mr Pua, added, “By harnessing Singapore’s international healthcare standards alongside Chongqing’s high-quality medical resources, we aim to deliver exceptional medical services to the community and expatriates from multinational companies establishing regional headquarters in the city as part of the Chongqing Connectivity Initiative, through leveraging the excellent connectivity of Chongqing East HSR Station, positioning Perennial Healthcare City Chongqing as the definitive healthcare destination for Western China and beyond.”
Mr. Shi Jidong, Party Secretary and Chairman of Chongqing Transportation and Investment Group, said, “Perennial Healthcare City Chongqing marks another landmark achievement of the Chongqing Connectivity Initiative, and is also the first premier healthcare development within the vicinity of the Chongqing East HSR Station. This development will bring international, high-quality medical and healthcare resources to the Chongqing East HSR Station zone, elevating services available to the community across the region.”
Mr Zhao Xiangdong, General Manager and Deputy Party Secretary of China Railway Construction Group (中铁建设集团总经理、党委副书记赵向东),
Mr Tan Kiat How, Singapore Senior Minister of State for Ministry of Digital Development and Information & Ministry of Health (新加坡数码发展及新闻部兼卫生部高级政务部长陈杰豪), Mrs Josephine Teo, Singapore Minister for Digital Development and Information and Minister-in-charge of Cybersecurity & Smart Nation Group (新加坡数码发展及新闻部长、主管网络安全事务及智慧国工作团部长杨莉明), Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer, Perennial Holdings (鹏瑞利集团执行董事长兼首席执行官潘锡源), Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry (新加坡副总理兼贸工部长颜金勇),
Dr Tan See Leng, Singapore Minister for Manpower and Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry (新加坡人力部长兼贸工部主管能源与科技部长陈诗龙), Mr Shi Jidong, Party Secretary and Chairman of Chongqing Transportation and Investment Group (重庆交通开投集团党委书记、董事长石继东)
Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry, said, “Congratulations to Perennial Holdings on this significant milestone. Located near Chongqing East HSR station, Perennial Healthcare City Chongqing integrates healthcare, commercial and community facilities with a major transport hub, supporting Chongqing’s development as a regional medical centre. As we mark the 10th anniversary of the Chongqing Connectivity Initiative this year, Singapore will continue to deepen our collaboration with Chongqing, including in newer sectors such as healthcare, for the benefit of our peoples.”
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