Tiong Seng launches first senior-care facility in Tianjin, China
This marks Tiong Seng’s first foray into China’s Silver Economy.
Construction group and property developer Tiong Seng Holdings Limited (Tiong Seng) has announced the opening of its flagship Watermark Tiong Seng Lifestyle Centre in Tianjin, China, through its wholly foreign-owned entity in Tianjin, Tiong Seng Silvercare.
This marks Tiong Seng’s first foray into China’s Silver Economy, addressing the demand for assisted living and care facilities.
The launch was officiated by Desmond Lee, minister for national development and minister-in-charge of social services integration, who visited Beijing and Tianjin from 24 to 28 September for the Singapore-Tianjin Economic and Trade Council (STETC) meeting.
The Watermark Tiong Seng Lifestyle Centre in Tianjin, a 4,700-square-metre facility, commenced its operations on 25 September, providing recreational and fitness amenities, nutritious dining choices, access to medical services network and a range of community activities.
Complementing the lifestyle centre is the upcoming Health and Medical Centre, spanning 2,700 sq m. and is projected to open in 2026. These facilities will offer a broad range of medical and senior home-care services whilst providing health management for residents.
Among its initiatives is routine health monitoring supported by non-medical equipment, including an AI-based health monitoring platform.
Whilst this initial project focuses Tiong Seng on enabling ageing at home with a comprehensive suite of services, the company is also studying and exploring other models of senior living and care, including the American Continuous Care Retirement Community (CCRC) and various types of institutional elderly care.
Elderly populations are expected to grow to 25% by 2030 in Singapore and China. In 2023, nearly 297 million people in China were aged 60 and above, a number set to exceed 400 million by 2035.