, which was cited by 52%. Singaporeans of all ages often feel the need to escape the hustle and bustle of the city, and retirees with more free time could appreciate access to nature even more.is a hot topic in Singapore. For many seniors, being able to select a shorter, and thus cheaper, lease period is going to be a significant factor when deciding whether or not they are able to gain access to retirement housing.
While most Singaporeans still prefer to age at home or live with family members, a significant fraction of the population is willing to consider moving to a retirement village. This indicates a sharp deviation from the norms of the current generation of seniors, who have traditionally hoped to rely on their children in old age.
The attractiveness of retirement housing could have an impact on its rate of adoption by the public. As with regular housing, affordability is a key concern. Besides that, many of the factors that would make retirement housing attractive also apply to other types of housing, such as proximity to public transport and green spaces. As with any other type of housing, seniors will thus have to balance affordability with location preferences.is Singapore’s first private retirement housing project.
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