http://sg.news.yahoo.com/060417/5/singapore203544.html
SINGAPORE : The government has shortlisted a few potential sites
for the construction of a retirement village, and the National
Development Ministry is currently studying the details.
The sites are on a 30-year land lease.
And one of them will be picked to test market demand for such
villages.
In an exclusive interview with MediaCorp's Channel 8, Health
Minister Khaw Boon Wan said in the past, the idea of building
retirement villages was put on the back burner as Singapore's
problem of an ageing population was not as serious as that in
Europe and America.
The Singapore market was also too small for retirement villages to
be commercially viable.
But the prospects have since changed.
With a rapidly ageing Singapore population, Mr Khaw said in five
years' time, retirement villages will become economically
viable.
One obstacle is the high costs of land in Singapore.
"My personal view is, our land is expensive. But we have nearby
neighbours in Johore, Batam and Bintan. The elderly want to reach
their doctors within half to one hour. So retirement villages in
neighbouring countries is possible, barring the cross-border
hassle. It is best to find cheap land on short leases," said Health
Minister Khaw Boon Wan.
- CNA /ls
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Wont those old folks feel more stressed up to see their neighbours
and friends around them going off 1 by 1 in the retirement village?
Its like waiting for death.