The elderly population is rapidly expanding in China. Such change of demographics suggests that there will be huge growth in occupational demand for Senior Care Homes and a strong shift in favour of Senior Homes or assisted living complexes. It creates enormous business opportunities for property investment funds. Unlike the traditional property investment, the needs and demand from elderly is quite different. Finding a more efficient means of service delivery is of paramount importance as it helps to lower operating costs, higher labour productivity and better financial competitiveness for the investment. This paper explores the characteristics of Chinese’s elderly population for a supportive living environment. A regional survey of nearly 200 older Chinese in 3 major cities and in-depth qualitative research were conducted. Our initial finding indicates that cognitive skills decline and depression increases with age. There is also a significant shift in the priorities that is transforming the patterns of future housing tenure. The elderly need support services to assist with these difficulties. For investors to develop an efficient method of service delivery, the long-term care system must reflect this interrelationship between health and housing. A variety of responses are required to match the great variety in the characteristics of the elderly.
|Keywords:||Elderly Housing, China, Supportive Living Environment, Property Investment|
Research Director, Research and Strategy, AgeTech, Hong Kong, Hong Kong
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