Leading real estate experts from around the region will examine the
pressures and opportunities of the Asia’s senior housing market at the Retirement Living and Senior Care Southeast Asia 2014 event in Kuala Lumpur, Malaysia, which is set to take place from June 17 until June 19.
Southeast
Asia’s attractiveness as a retirement hub is growing, with Malaysia
securing third place out of the Global Annual Index’s Top 15 Best
Countries to Retire in 2014. Joining Malaysia on the list is Thailand,
which came in 11th. While Indonesia and the Philippines are not listed
in the top 15 this year, they are likely to join Malaysia and Thailand
with the onset of several up-and-coming senior housing projects.
Retirement
facility projects are on the rise in Southeast Asia, as the region
anticipates a rapid increase in both local and foreign seniors over the
next decade. Southeast Asia expects to see its over 60 population rise
to 183 million by 2050, a 345 percent leap from the 53 million aged 60
and above in 2012. The region is under pressure to build and provide
professional senior housing and services for both its residents and
foreign retirees seeking a better climate for their sunset years.
Chong
Heng Kiong, co-founder of Total Investment Group and retirement village
GreenAcres, said in a media interview last year: "We’ve seen retirement
villages overseas many years ago and thought that it was a good
solution to address the lifestyle needs of the retirees here in
Malaysia. There is certainly a gap in the marketplace, so we decided it
was the right time to go ahead with developing a proper retirement
village for Malaysians so that the needs of the retirees are catered
for."
Dr Chua Hong Teck, Director of NKEA Healthcare, PEMANDU,
added: "The impending demographic shift will exacerbate current
challenges such as capacity and access to healthcare, funding of
long-term care and the provision of adequate facilities for the
retired,"
Retirement Living & Senior Care Southeast Asia 2014
will bring the region’s most experienced senior care professionals
together, who will share real-life experiences and best practices when
dealing with issues specific to Southeast Asia’s senior housing and care
industry.
The high-level industry gathering will showcase
various projects across the region, including Baan Kamlangchay, the
German-based Alzheimer’s care village in Thailand, Life Care Residences
from the Philippines, Optimum-Eden Healthcare from Malaysia, Summerset
Villages from New Zealand and many more.
The event will feature
speeches by key senior housing players including Total Investment, MKH
Berhad, Life Care Residences, Ashiana Housing, HSB Development Sdn Bhd,
as well as keynotes by government bodies and regulators such as PEMANDU,
the Director General of Social Welfare and Malaysia Property
Incorporated.
The event will include more than 18 hours of
networking and knowledge sharing opportunities, more than 150 Southeast
Asian aged care representatives on site, and more than twenty
presentations.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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If you have a news story or comment for publication about Thailand property or real estate please email andrew@propertyguru.com.sg