Market in senior co-living opening up

WITH Singapore’s fast-ageing society headed towards an impending shortage in senior-friendly housing, a market in alternative accommodation for the elderly is opening up.

One initiative in the works is silver co-living projects, where industry operators have indicated interest, said the Singapore Land Authority (SLA).

On Jun 26, SLA launched a tender for 98 Henderson Road, where a four-storey state-owned building stands on a 77,551 sq ft site. It was formerly the location of Henderson Primary School.