From migrant workers to seniors: Dormitory operators eye diversification into eldercare
MIGRANT worker dormitory operators are tapping the experiences gained during the pandemic to expand into eldercare and assisted living services, ahead of what some market watchers said could represent the next growth opportunity in commercial real estate.
At least two dormitory operators that ran Covid-19 treatment facilities (CTFs) and transitional care facilities (TCFs) said they are seeking to diversify their revenue sources.
One migrant worker dormitory operator that has shifted into the eldercare sector is TS Group, which is part of a new project exploring the development of apartments for seniors and live-in foreign worker caregivers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Dolce & Gabbana metaverse fashion offering leaves shopper fuming
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
CEO of fallen Eagle Hospitality Trust seeks to contest four disclosure-related criminal charges
Crypto boom, erratic rain spark outages in Laos, Asia’s clean power export hub
Bank of Japan in no rush to sell risky asset holdings
Gold prices set for second weekly gain on Fed rate outlook