NEW YORK: The four hundred and forty-third entry for the seniors housing Global Awards 2016 has been received.
Demand for retirement homes is on the rise in Southeast Asia where population aging has becoming a harsh reality requiring new solutions. Thailand, in particular, has drawn interest from senior citizens not only in Asean but also those flying from other regions in search of an attractive place to settle.
The number of senior citizens has soared in recent years in most countries and will increase steadily in the coming decades. As Southeast Asia’s baby boomers have reached their 60s, the United Nations projects that the region will have 57 million people aged 65 and above by 2025, an increase of 430% from 2000.
“There is no question that Thailand has one of the most rapidly aging populations in Asia. There are a number of reasons why senior living will have great potential in Thailand,” said Robert McMillen, chairman and CEO of the international consultancy MAC Capital Advisors…
