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Colliers Insights
Valuation & Advisory Services | Asia
14 May 2018
SENIOR HOUSING
OUTLOOK 2018
GREY SKIES AND
SILVER LININGS
Devising Housing solutions for Asia’s ageing population
Asia is facing an ageing crisis. Advancements in healthcare
provisions coupled with rising wealth levels in the region, have
increased life expectancy, just as birth rates, in some Asian
countries have fallen to record lows. The result is that the
region’s senior (aged 65 and above) population will nearly triple
by 2050 to 945 million. The number of people aged 75 and
above (needing some sort of assistance in their daily lives) will
jump from 137 million to 437 million over the same period.
This massive demographic shift raises questions about
how already strained health and pension systems can be
reengineered to cope with the needs of rapidly ageing
populations. Less discussed, but no less important, are the
implications for housing. Traditionally, in many Asian societies,
the elderly have resided with their children, but trends like
smaller families and rising divorce rates have challenged this
practice. More infrastructure will need to be created for the
rising number of seniors who will be residing independently
and to cater for those in need of different degrees of daily
assistance and medical care.
S E N I O R H O U S I N G O U T L O O K 2 0 1 8 | C O L L I E R S I N T E R N AT I O N A L
CONFRONTING THE While countries such as Japan have grappled with an ageing
‘SILVER TSUNAMI’ population for some time, others are just beginning to realise that
they will need to act quick
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