Temper expectations in Singapore’s private purpose-built senior-living sector
Seniors are hardly homogenous and neighbouring countries can compete on costs
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THE spectre of a rapidly ageing population is a chilling prospect for policymakers. What lies ahead could be a shortage of younger workers to drive the economy, or insufficient funds to meet the health and social care needs of the elderly.
Nonetheless, an ageing population can represent a business opportunity for some. Think of providers of walking aids or adult diapers. There can be rich pickings for drug companies and medical practitioners focused on geriatric medicine.
Property groups are an agile bunch. They can build compact homes to meet the needs of small households, or large luxury apartments that appeal to the super rich. They can pivot portfolios to where demand is strong, be it hospitality, data centres or modern warehouses.
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