Market in senior co-living opening up
Possibilities include retrofitting and refurbishing existing facilities, homes, disused or underused spaces
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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.
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