Keppel enters China’s senior living market with first assisted-living community in Nanjing City

Keppel Land Limi has entered into an agreement to acquire a new senior living facility with a total floor area of 19,846 square meters (213,621 square feet) in Qixia District, Nanjing, from China Overseas Land & Investment.

To be fitted out and operated by Keppel Land China, it is envisaged to be a premiere assisted-living community with care capabilities and around 400 beds when open in second half 2023.

Separately, Keppel Land also signed two memoranda of understanding (MOUs) at the 16th Singapore-Jiangsu Cooperation Council meeting, to advance the company’s expansion in Nanjing. Under the first MOU, Keppel Land will collaborate with the People’s Government of Qixia District to provide high-quality senior care services in the district, including, but not limited to, assisted living, community support and home care services. Under the second MOU, Keppel Land China and China Overseas (Nanjing) will cooperate in areas spanning urban renewal and senior living, as