Room for new ideas: Private-sector players eye opportunities in Singapore’s senior-living space

[SINGAPORE] As the Republic’s population ages, new private senior-housing models are emerging – including a recent project where colonial-era houses are being turned into serviced apartments.

Traditionally, Singaporeans have expected to grow old at home, whether alone, with their family or with domestic helpers. This remains the predominant expectation.

“Based on studies and public feedback, the majority of seniors prefer to age in their homes, where they can age actively, stay socially connected, and be cared for within their communities,” says the Ministry of Health (MOH) in response to queries from The Business Times.