On June 13th, Tai Bao Retirement Investment Company under China Pacific Insurance signed a tripartite cooperation agreement with the Wu Zhong Management Committee of Taihu New City and Hangzhou City Construction Group. This marks China Pacific Insurance's 15th retirement community project landing in Suzhou. Tai Bao Garden·Suzhou International Retirement Community will fully utilize the resource advantages of the national historical and cultural city, the Shanghai metropolitan area, and the Suzhou-Wuxi-Changzhou metropolitan area, focusing on long-term vitality and nursing, rehabilitation customers, and accommodating some migrant birds. Create a high-quality CCRC retirement community in the city, provide more service options for high-quality retirement demands in the Yangtze River Delta.
Highlighting the feature of "medical and retirement combination" and creating an urban boutique retirement community.
"Heaven above, Suzhou and Hangzhou below", following the layout in Hangzhou and Nanjing, Tai Bao Garden has taken root in the waters of the Jiangnan region once again. The Suzhou International Retirement Community project adheres to the principle of "more refined, closer, and older", with a more prominent location advantage. It is located in the Taihu New City of Wu Zhong District in the new center of the city, with excellent location advantages. It is located near the Muli Station of Metro Line 4, with multiple main roads around that can quickly reach all of Suzhou, and you can reach Suzhou Railway Station and the Jinji Lake CBD center within 30 minutes by car. It only takes 1 hour and 20 minutes to drive to Shanghai, and the transportation is very convenient. The surrounding ecological environment is superior, with a 5-square-kilometer Suzhou Bay wetland park, a 21-kilometer landscape belt along Taihu Lake, and a 240,000-square-meter Swan Lake Park. The medical resources are complete, and it is only 1 kilometer away from the Suzhou Municipal Hospital, which will be put into operation this year. The commercial supporting facilities are rich, and there are Suzhou Bay Center Plaza, Aeon Dream Mall, Suzhou Urban Living Room, and Commercial Neighborhood Center in the surrounding area, full of vitality.
The total planned construction area of Suzhou International Retirement Community is about 45,000 square meters. It adopts a modern design style and incorporates traditional Suzhou garden culture elements such as "central waterscape + courtyard water pavilion" to create an urban boutique retirement community with Jiangnan water town style. In terms of positioning, the Suzhou project pays more attention to the feature of "medical and retirement combination". The community plans to have independent apartments, nursing homes, rehabilitation medical centers, among which independent apartments are mainly one-bedroom, one-living, and more than 300 beds can be provided; nursing homes and rehabilitation medical centers can also provide nearly 300 beds. The project is expected to be put into operation in the first half of 2025. The community has a traditional Chinese medical department and a rehabilitation department, which can provide outpatient services and rehabilitation medical services. It can also provide high-quality retirement and healthcare services, such as travel and vacation, life care, fitness and entertainment, and elderly disease care, to a large number of customers.
Perfecting the regional retirement ecology and continuing to deepen and implement the big health strategy.
"The 14th Five-Year Plan" for the development of retirement services in Suzhou proposes to preliminarily establish and improve a high-quality, diversified, and modern social retirement service system that is coordinated with home and community institutions that are in line with the economic and social development of Suzhou and combined with medical retirement and health preservation. The elderly population with permanent resident status in Suzhou is still growing. As of the end of 2023, the population aged 60 and above is 2.5156 million, accounting for 19.41%; The number of key elderly service objects such as disabled and old people continues to increase, and the situation of aging population is becoming increasingly severe. As a traditional economically strong city, Suzhou and even the Suzhou-Wuxi-Changzhou region have a great demand for high-quality retirement services.
Suzhou is the traditional insurance business stronghold of China Pacific Insurance. Since China Pacific Insurance began to lay out the retirement industry, the "insurance product + retirement community + professional services" model has been popular among customers in the Suzhou region and the Yangtze River Delta. It is reported that as of the end of May 2024, relying on high-quality retirement communities of Tai Bao Garden, China Pacific Life Insurance Suzhou, Changzhou, and Wuxi branches have issued a total of more than 4,500 qualification certificates.
With the landing of the Suzhou project, China Pacific Insurance has laid out 15 self-invested, self-owned, and self-operated retirement community projects in 13 cities across the country, eight of which have been put into operation, marking the continuing progress of China Pacific Insurance's "big health strategy". Since this year, the number of long-term residents has steadily increased, and the short-term stay and short-term care services have grown rapidly, reaching 35,000 rooms/nights, and high-quality five "heart" retirement services have been well received by customers.
In addition to the four communities in Hangzhou, Shanghai Putuo, Shanghai Chongming, and Nanjing that have been put into operation in the current CNI Yangtze index region, the landing of the Suzhou project will further improve China Pacific Insurance's regional retirement service system. China Pacific Insurance customers in the CNI Yangtze index region can choose to visit or stay for short periods, short term residence, short term care products more conveniently and flexibly, and experience immersive retirement services, health management, and short-term residence nearby in Tai Bao home. These service scenarios can effectively attract customers to reach insurance products from nearby services, thereby promoting customer access, acquisition, and sales in the community. High-quality retirement services can assist in insurance business and provide a vivid example for making great achievements in retirement finance.