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.