NEW YORK: The fourteenth entry for the seniors housing Global Awards 2016 has been received.
Hong Kong’s first non-subsidised housing project for the elderly opens for lifelong rental today.
Targeting middle-class residents aged over 60, applicants are not subject to any asset limits or required to pass a means test, but will have to pay the cost for lifetime residency either in one sum or instalments.
Prices range from HK$1.8 million to HK$20 million depending on size, location and the age of applicants, with older occupants paying less.
