Ageing private home owners want ability to cash out on houses
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
