• Tiong Seng Silvercare launches first Watermark Lifestyle Centre in Tianjin, focusing on elderly care services as part of China's growing Silver Economy
• The centre aligns with Singapore's Active Ageing Centre concept, offering health and recreational services to elderly residents
• This marks Tiong Seng's first foray into senior care in China, with plans for further expansion in Singapore and other Chinese cities
• China's Silver Economy is projected to reach 7 trillion yuan (S$1.28 trillion) in 2024, presenting substantial growth opportunities

SINGAPORE – Media OutReach Newswire - 16 October 2024 – Mainboard-listed construction group and property developer, Tiong Seng Holdings Limited (長成控股) ("Tiong Seng", "the Company", or together with its subsidiaries, "the Group"), is pleased to announce the official opening of its flagship Watermark Tiong Seng Lifestyle Centre in Tianjin, China, through its wholly foreign-owned entity in Tianjin, Tiong Seng Silvercare, as part of the Group's efforts to leverage on robust growth opportunities in China's Silver Economy.