Ageing private home owners want ability to cash out on houses

Singapore

SINGAPORE'S ageing population offers developers opportunities to build private senior homes despite challenges, according to a report by Edmund Tie & Company Research.

In making its case, the report ticked off several key facts: One in four Singaporeans will be 65 years or older by 2030; lifespan at 65 improves 1.9 years to 20.8 years in 2016; more elderly-friendly public infrastructure will be built; retiree household income will rise, especially for the more well-to-do; and currently there's a shortage of private housing for seniors in Singapore.