Perennial Living at 28 Parry Avenue: Singapore's first private assisted living development

A S$260 million, 195,000 sq ft development in the Kovan landed estate opened its first phase on 18 August 2026 -- 200 assisted living apartments, a wellness centre, and a restaurant, with a 100-bed nursing wing to follow. Here is what it costs, what you get, and how it fits into Singapore's eldercare landscape.

Singapore's eldercare market has, until now, offered two broad paths for seniors who need some level of daily support: government-subsidised nursing homes (run by Voluntary Welfare Organisations) at the lower end, and private nursing homes with fees typically between S$3,500 and S$6,500 a month. What has been missing -- at least in any purpose-built form -- is an upper tier of assisted living: apartment-style housing with bundled care services, the kind of development common in Japan, Australia and the United States but new to Singapore.

Perennial Living at 28 Parry Avenue is the first attempt to fill that gap. It is a large, expensive, amenity-heavy development that sits well above the existing private nursing home price band. Whether that price is justified depends on what a family needs, and what it can afford. This article sets out the facts.

What the money gets you: pricing breakdown

Perennial Living does not involve a property purchase. Residents sign a lease -- there is no Additional Buyer's Stamp Duty (ABSD), no Buyer's Stamp Duty (BSD), and no Total Debt Servicing Ratio (TDSR) to clear. The monthly fee covers accommodation and a bundled package of services.

The development was previously advertised at S$8,900 to S$17,000 per month. Actual launch prices came in roughly 10% lower.

What is included in the assisted living package

• Accommodation in a furnished apartment
• Housekeeping and linen service
• Core meals at The Olive restaurant
• Access to all amenities (pool, gym, therapeutic park, lounges)
• Fitness and wellness activity programmes

What the nursing suite adds (Phase 2)

• 24/7 nursing care
• Assistance with activities of daily living (ADLs)
• Medication administration
• Regular medical reviews
• Rehabilitation therapy

The apartments: sizes and smart home technology

Assisted living apartments range from 302 to 569 sq ft, spanning studio, one-bedroom and two-bedroom configurations. The Phase 2 nursing suites are smaller, at 212 to 374 sq ft, reflecting their more clinical function.

All units come with a suite of smart home features designed around safety and monitoring:

• Remote-controlled curtains and motion-sensor lighting
• 24/7 emergency response system
• Bedside vital signs monitoring
• Fall detection sensors
• Facial recognition access control
• Optional in-unit CCTV (viewable by family members)

Facilities and amenities

A significant portion of the S$260 million investment has gone into shared spaces. The development occupies 195,000 sq ft and includes:

Wellness and fitness

• Swimming pool with aqua fitness programming
• Hydrotherapy pool -- at 460+ sq ft, described as Singapore's largest in a residential setting, equipped with a mobile elevated platform for wheelchair access
• 38,000+ sq ft Sky Terraces

Leisure and social

• Karaoke lounge and movie theatre (combined)
• Mahjong room
• Multi-purpose hall
• Hair Salon Bus and Travel Shop (converted heritage buses)

Therapeutic park (1.5 hectares)

• Mobility garden and fitness stations
• Butterfly trails
• Dog run and playground
• The Music Bus -- a heritage bus fitted with a jukebox, gramophone and piano
• Full-sized bus stop, telephone booths and post box, designed for reminiscence therapy -- recreating familiar environments to stimulate memory in residents with cognitive decline

Perennial Wellness Centre

Adjacent to the residential blocks, the Perennial Wellness Centre is open to both residents and the public. It houses three main operations:

Medical Centre

General practitioners and visiting specialists in cardiology, urology, geriatrics, rehabilitation medicine and pain management.

Imaging and rehabilitation

• Asiamedic Perennial Imaging Centre -- X-ray and ultrasound services
• Hospital-grade rehabilitation facilities
• Singapore's first private GymTonic studio -- a technology-assisted strength training programme designed for seniors, using air-pressure machines that adjust to each user's capacity

Traditional Chinese Medicine

The Chung Hwa Premium Clinic, operating through a partnership with the Tianjin Academy of Traditional Chinese Medicine, offers acupuncture, herbal medicine, moxibustion, cupping and Tui Na massage.

Dementia care programme

Two dedicated assisted living blocks and part of the nursing block are configured for residents with dementia. The dementia care environment includes a continuous-loop pathway garden -- a walking path with no dead ends, designed to let residents with dementia walk freely without becoming disoriented or reaching an exit.

The programme uses a non-pharmacological approach, with therapies including:

• Multi-sensory stimulation
• Music therapy (using the Swedish Bunne Method)
• Virtual reality cognitive training
• Haptic therapy and aromatherapy
• Horticulture therapy
• Animal-assisted therapy

Several of the amenity spaces -- the reminiscence bus stop, the Music Bus, the therapeutic garden -- double as structured therapy environments for residents with cognitive impairment.

The developer: Perennial Holdings

Perennial Holdings is a Singapore-headquartered real estate and healthcare company led by CEO Pua Seck Guan. The company's eldercare track record is largely in China, where it operates under the Renshoutang brand across 14 cities. Its flagship eldercare project is the Perennial Alzheimer's Care Village in Xi'an, which it describes as China's first and the world's sixth dementia care village.

Parry Avenue is the company's first eldercare development in Singapore. Perennial has stated a target of 70-80% occupancy in the first year.

How it compares: eldercare options in Singapore

Perennial Living occupies a price tier that has not previously existed in Singapore's eldercare market. To put the numbers in context, here is how the main options compare:

VWO and private nursing home ranges reflect typical before-subsidy fees across our directory. Community Care Apartment prices are indicative BTO launch prices. Perennial Living fees are approximate launch-period figures as of August 2026. All figures before GST.

What comes next

Phase 2 -- the 100-bed nursing suite wing -- is expected to open in Q4 2026. These suites (212-374 sq ft) will provide a higher level of clinical care than the assisted living apartments, including round-the-clock nursing and rehabilitation therapy, at a monthly fee of approximately S$7,600.

Eligibility for Perennial Living requires residents to be aged 65 or above, with a minimum stay of three months.

Editorial independence. NursingHomeGuide.sg is an information directory. We do not accept payment to influence rankings, reviews, or editorial content, and we are not affiliated with Perennial Holdings or any operator listed above. This article is based on publicly available information from the sources listed, current as of 20 August 2026. Pricing and availability are subject to change -- contact the facility directly to confirm current rates. Spot an error? Tell us.
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