Think the aging population in the US is scary (in numbers :-))? Think about the Asian continent. Take a look at some of the information that a government official from Singapore shared with members of a health care symposium last month. By 2030, one in five Singapore residents will be 65 years and above, from one in 12 today and the average life expectancy there has risen to over 80 years today. The minister cites the high price of land there as a deterrent for the development of retirement communities by private developers. As this piece shows, providing senior housing solutions in other parts of the world face the same challenges here in the US for both governmental officials and developers.
For the full statement on senior living in Singapore, click here.