Perennial Living Opens at Parry Avenue: Singapore's First Private Assisted Living, From $8,000 a Month

Perennial Living at 28 Parry Avenue is Singapore's first private assisted living development, with basic occupation packages starting from approximately $8,000 a month. It opens a new senior housing category that sits between staying at home and a nursing home. This is a care and lifestyle model, not a property you buy, so it behaves very differently from a private condo on cost, financing and legacy.

A New Category of Senior Housing Arrives in Kovan

For decades, families weighing eldercare in Singapore had two blunt choices: keep an ageing parent at home with a helper, or move them into a nursing home. The middle ground of private assisted living, where seniors live in their own self-contained apartment with medical care on the doorstep, has been largely missing. That changed on 18 August 2026.

URA, in collaboration with the Ministry of Health, released the country's first private assisted living site, and Perennial Holdings secured the Parry Avenue tender in June 2023. The resulting development has now commenced Phase 1 operations. This is a genuinely new asset class for Singapore, and it deserves an analytical look rather than a marketing one.

"As Singapore's population ages, we believe there is an opportunity to redefine what senior living can look like. Our vision for Perennial Living was to create more than just a place to receive care, we wanted to build a vibrant community where seniors can continue living with independence and purpose."
Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer, Perennial Holdings

What Has Actually Opened at 28 Parry Avenue

The development spans 195,000 sq ft at 28 Parry Avenue, within the Rosyth landed estate near Kovan. It comprises 200 assisted living apartments and 100 nursing beds in the Nursing Suites, designed to give residents a seamless transition of care as their needs change.

Phase 1, now live, covers the assisted living apartments, the Perennial Wellness Centre and The Olive restaurant. The Nursing Suites are open for bookings and are expected to commence operations in the fourth quarter of 2026 under Phase 2.

Apartment Layouts and Sizes

Assisted living residents can choose from four layouts: Studio, One-Bedroom Apartment, One-Bedroom Suite and Two-Bedroom Suite, ranging from 302 to 569 sq ft. Units feature high ceilings, floor-to-ceiling windows and kitchenettes, with private lift access for most units.

The Nursing Suites offer one-bedroom and two-bedroom layouts from 212 to 374 sq ft, with nursing beds positioned beside or near windows for natural daylight and outdoor views.

Smart technology runs through both. Assisted living units include remote-controlled curtains, motion-sensor lighting, 24/7 emergency response systems, bedside vital signs monitoring devices, fall detection and facial-recognition access. Residents may also opt for in-unit CCTV access for designated family members. Nursing Suites add nursing call bells alongside the same fall-detection, lighting and access controls.

What Perennial Living Costs Each Month

The monthly numbers are where this project sends the clearest market signal. Residents are not buying a home. They are paying a recurring monthly package for accommodation plus bundled services, and the final rate depends on the size, layout, level and facing of the unit chosen.

A One-Bedroom Suite is also available and sits between the One-Bedroom Apartment and Two-Bedroom Suite on size and price. Prospective residents should confirm the exact rate for a specific stack directly with Perennial Living.

What the Basic Package Covers

The assisted living package includes accommodation, housekeeping and linen service, core meals, full use of the development's amenities, fitness and strength training equipment, and access to a full array of social and wellness activities and programming.

The Nursing Suites package includes everything in the assisted living package plus 24/7 nursing support, assistance with activities of daily living, medication and treatment administration, medical doctor reviews and rehabilitation therapy.

All residents undergo a comprehensive pre-admission medical assessment followed by a six-monthly review, and are entitled to an East-meets-West Care Package. That gives twice-monthly access to either a Western medical practitioner, a rehabilitation therapist or a TCM physician at Perennial Wellness, plus annual health screening, preventive health and vitality treatments, complimentary use of Gym Tonic strength training equipment and provision of relevant health monitoring devices.

Residents also have access to a personal concierge for daily errands, transport arrangements and grocery shopping, and a medical concierge who can arrange further personalised services. Those optional services, such as specialist consultations, specialised rehabilitation and fitness programmes, medical chaperone and grooming, sit on top of the basic package as paid extras. Families budgeting for this should assume the true monthly outlay lands above the headline rate.

To put the upper end in perspective: a resident in a Two-Bedroom Suite paying just over $13,000 a month commits about $156,000 a year before optional services. Over five years that is close to $800,000 in care spending with no property asset at the end. That is why this launch matters. It defines, for the first time, what the private premium tier of Singapore eldercare costs.

Perennial Wellness: The Medical Engine of the Development

The clearest differentiator here is not the apartments, it is the integrated medical facility sitting inside the development. Perennial Wellness is a first-of-its-kind private integrated centre combining four things under one roof.

• Medical Centre. General practitioners, family medicine physicians and a multi-disciplinary specialist panel covering cardiology, urology, geriatrics, musculoskeletal and sports medicine, rehabilitation medicine and pain management. The focus is chronic disease management for conditions such as hypertension, diabetes and high cholesterol, plus frailty prevention, sarcopenia, sleep apnoea, dysphagia and dementia.
• Imaging. The Asiamedic Perennial Imaging Centre provides on-site X-ray and ultrasound, supporting both health screening and urgent care needs.
• Rehabilitation and Fitness. Specialised robotic and conventional rehabilitation equipment comparable to a hospital setting, plus Singapore's first private GymTonic studio, a science-backed strength training programme aimed at age-related muscle loss. The centre supports prehabilitation before surgery, post-surgical recovery, and cardiopulmonary, neurological, oncology, musculoskeletal and geriatric rehabilitation.
• TCM Centre of Excellence. Housing the Chung Hwa Premium Clinic, led by TCM physicians from Singapore and China, offering acupuncture, herbal medicine, moxibustion, cupping, Tui Na, herbal steam baths and foot soaks, with an in-house pharmacy, brewing and doorstep delivery service.

The development also houses Singapore's largest hydrotherapy pool in a private residential care setting, with a mobile elevated platform to support rehabilitation. Importantly for the surrounding neighbourhood, Perennial Wellness operates as an outpatient facility open to the wider community, not just to residents.

Purpose-Built Memory Care

Two assisted living blocks and part of the nursing block are purpose-built for memory care, drawing on Perennial Holdings' experience running the Perennial Alzheimer's Care Village in Xi'an, China's first and the world's sixth dementia care village.

Beyond dementia-focused TCM therapies, residents receive a broad programme of non-pharmacological interventions: multi-sensory stimulation, music therapy using the Swedish Bunne Method, virtual-reality somatosensory training, haptic therapy and aromatherapy, alongside horticultural, animal-assisted and reminiscence therapies.

The physical design is unusual. Within the self-contained memory care blocks and garden, residents can explore recreated everyday spaces, including a full-sized heritage Music Bus fitted with a jukebox, gramophone and piano, and a Travel Shop and Hair Salon Bus where residents can buy travel trinkets or have a haircut on site. The therapeutic garden runs on a continuous loop pathway, a recognised design principle for dementia care, and features a full-sized bus stop, traditional telephone booths and a post box from which the care team helps residents send postcards to family.

Dining, Amenities and the 1.5-Hectare Park

The Olive, an all-day dining restaurant operated by Wilmar International Limited, is inspired by premium airline lounges, with buffet-style dining, live hot stations and à la carte selections. The menu emphasises low glycaemic index and cholesterol-friendly options designed to support healthy ageing, with private dining rooms for celebrations and in-room meal delivery tailored to clinical needs. The Olive opens to the public from 1 September 2026, with reservations on (65) 6350 9008.

Residents also have access to more than 38,000 sq ft of Sky Terraces overlooking the adjoining park, a swimming pool, a karaoke lounge-cum-movie theatre, a mahjong room and a multi-purpose hall for calligraphy, arts and crafts and board games. Link bridges and colour-coded zones support wayfinding and wheelchair access across the site.

Perennial Living opens directly into an adjoining 1.5-hectare therapeutic park, functioning as the development's front garden. It includes a mobility garden for outdoor rehabilitation, senior-friendly fitness stations, butterfly trails, a dog run and pet therapy zone, and a playground for visiting grandchildren. Daily programming runs through the T·H·R·I·V·E lifestyle framework, built around six dimensions of wellbeing, and residents manage bookings, meals and health monitoring through the Perennial WeCare app.

Why This Is Not a Property Purchase, and Why That Changes the Maths

This is the distinction most readers get wrong. Perennial Living is a care residence, not strata property. You do not receive a title, you cannot resell a unit, and there is no capital appreciation to bank on. That has real consequences for how the money is treated compared with buying a condo for an ageing parent.

Because nothing is being acquired, the arrangement does not attract Buyer's Stamp Duty or Additional Buyer's Stamp Duty, and there is no loan-to-value cap or TDSR assessment to clear. Contrast that with the alternative some families consider, which is buying a small private unit near amenities and hiring live-in care. That route triggers ABSD if it is a second property, plus mortgage servicing and property tax, but it leaves an appreciating asset in the estate.

For families comparing options, the honest framing is that Perennial Living converts a lump-sum property decision into an ongoing income-dependent one. If you are also weighing a private residence for other family members, our guides on cash needed to buy private property and using CPF for a second property lay out those separate mechanics.

What the Launch Signals for Singapore's Senior Housing Market

Take-up over the next twelve months is the single most important thing to watch. If Perennial Living fills at a healthy rate, other developers gain confidence that private senior housing can be commercially viable, which could seed a genuine new segment alongside HDB's Community Care Apartments at Bukit Batok and Queensway. If it does not, the market reads private assisted living as a niche that only works with heavier state support.

The affordability tension is real. High land and construction costs mean early private facilities will skew premium, and the authorities have signalled that commercially run homes can only serve a limited slice of the senior population. Singapore is on track to become a super-aged society, so demand for diverse models, from private residences to public retirement options, will keep climbing. Perennial Living is best read as a pilot that establishes a price benchmark and a service standard, not a mass-market solution.

There is also a location dimension. Sitting in the established Rosyth landed estate in District 19 near Serangoon and Hougang, the project benefits from a mature residential catchment where adult children may already live nearby. Proximity of family is a practical driver of take-up that pure pricing analysis tends to miss, and the fact that Perennial Wellness and The Olive are open to the public means the development is designed to pull the neighbourhood in rather than wall itself off.

Opportunities and Risks Families Should Weigh

On the opportunity side, the model removes the operational burden of coordinating helpers, therapists and medical appointments, bundling them into one package with specialists at the doorstep. The apartments are meaningfully larger and more private than typical nursing wards, where four to six-bed shared rooms remain standard. The step-up from assisted living to nursing care within the same campus is a genuine advantage for progressive conditions, avoiding a disruptive relocation later.

The risks are equally concrete. The cost is recurring and open-ended, so longevity, which is the goal, is also the financial exposure. Rates can rise over time, optional services can inflate the true monthly outlay well beyond the basic package, and there is no asset to sell to recover value. As a pioneer operator in Singapore, Perennial has no local track record here to benchmark service quality against, and staffing amid a manpower crunch remains a sector-wide challenge. Families should read the agreement carefully on fee escalation, deposit terms, notice periods and what triggers a move to the nursing wing. This is a lifestyle and care commitment, and it deserves the same scrutiny you would give a major property purchase.

Perennial Living marks a real inflection point for how Singapore families plan for ageing, but the decision between a recurring care residence and buying a legacy property asset is deeply personal and financially consequential. If you are weighing whether to fund private assisted living, buy a nearby unit for an ageing parent, or restructure your existing property to free up cash for care, the numbers deserve a proper sit-down rather than a back-of-envelope guess. Reach out to the team at PropertyNet.SG for an independent, no-pressure discussion tailored to your family's situation, and we will help you map the options clearly before you commit.