China Life Insurance Company Limited, a Beijing-headquartered company that provides life insurance and annuity products, broke ground on the Phase II project of its China Life Caregarden in SIP's Yangcheng Lake Peninsula Tourist Resort (YLPTR) on Sept 22, in a move to comprehensively improve its capacity of life and elderly care services.
The China Life Caregarden in YLPTR is a compound life and elderly care community with a total land area of about 333,000 square meters. Its Phase I project came into operation last December, capable of accommodating nearly 1,500 seniors.
The expansion project will consist of two parts. The eastern part is a continuing care retirement community (CCRC) designed to meet seniors’ needs for independent living, assisted living and skilled nursing care, while the western part is a recuperation and health care base providing 248 boutique hotel rooms and 376 beds.
September 23, 2020