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Perennial International Health and Medical Hub, Chengdu

Chengdu East High Speed Railway High Speed Railway ("HSR") Integrated Development comprises the Perennial International Health and Medical Hub, Chengdu HSR Integrated Development Plot C, Plot D1 and Plot D2. The large-scale mixed-use project, measuring over 14.2 million square feet ("sq ft") in total gross floor area, is strategically sited adjacent and connected to the operational Chengdu East HSR Station.

Chengdu East HSR Station is one of the largest HSR integrated transportation hubs in China with inter-city railway, intra-city subway, long and short distance bus terminals and taxi services.

Located in the South East of Chengdu within the Third Ring Road, the immediate surrounding area of the integrated development, known as the Intercity Travel Business City, has been designated as Chengdu's new Central Business District ("CBD"). The prime location is about 10 km from Chengdu's existing CBD and about 25 km from Chengdu Shuangliu International Airport. The integrated development is also well-served by the operational Subway Line 2 and a future Subway Line 7 via the Chengdu East HSR Station.

With its distinctive design, prime location and excellent connectivity, Chengdu East HSR Integrated Development is well-poised to become a regional commercial and medical hub that serves the burgeoning population of Chengdu and its neighbouring cities.

Perennial International Health and Medical Hub ("PIHMH") is positioned to be the first healthcare cum retail integrated development in Chengdu and Sichuan Province. 

The development, with two distinct but connected blocks, will be anchored by the Chengdu ParkwayHealth Hospital which will occupy at least 517,000 sq ft on basement 3 to level 5 of Block A2. The 350-bed hospital will be equipped with advanced medical facilities and equipment, providing specialised care and clinical services including obstetrics and gynaecology, paediatrics, cardiology, orthopaedics, ophthalmology and internal medicine. The hospital is expected to commence operations in the second half of 2018.

Specialty anchor tenants include Perennial International Specialist Medical Centre, BGI Perennial Genomics Diagnostic Imaging Centre, St. Stamford Plastic Surgery and Aesthetic Hospital, AND Maternal and Child Health Centre, and Care Alliance Rehabilitation Hospital. These tenants, together with other healthcare and wellness-related services, such as Traditional Chinese Medicine, will complement the hospital facility at Block A2. The lower floors of Block A1 will house supporting retail trades and services.

The development commenced operations progressively from 4Q 2017, with the official opening slated for 1H 2018.

Property1 Information

Location Plot A, East of Jinxiu Avenue, Chenghua District, Chengdu, Sichuan Province
Description2 Medical Block: 5 levels above ground and
3 basement levels

Retail and Medical Block:
5 levels above ground

3 basement levels
(car park covers part of basement 2 and 3)
Tenure 40 years, expiring on 20 February 2051
Effective Interest
(%)
80
Valuation3
(S$)
503,059,000
Land Area
(sq ft)
519,057
Gross Floor Area
(sq ft)
Medical and Retail Block: 2,406,178
Car Park/Others: 747,209
Total: 3,153,387
Net Lettable Area
(sq ft)
1,558,840
Commencement of Operations Progressively from
4Q 2017
Anchor/Major Tenants Chengdu ParkwayHealth Hospital,
St. Stamford Plastic Surgery and Aesthetic Hospital,
Care Alliance Rehabilitation Hospital,
AND Maternal and Child Health Centre,
Perennial International Specialist Medical Centre,
BGI Perennial Genomics Diagnostic Imaging Centre
Notes:
  1. As all designs are undergoing refinement, the information in this table are subject to change.
  2. Based on current plans and subject to the relevant authorities' approval of the plans.
  3. Valuations as at 31 December 2015 are based on a foreign exchange rate of SGD/RMB of 4.6098.

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