Demand for senior housing rises

Real Estate September 26, 2017 15:08

By The Nation

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A survey has found a 5 per cent increase in concern about the need for senior housing.

This is according to a comparison between DDproperty’s bi-annual Consumer Sentiment Survey for the first half of 2017 and the survey for the second half of 2016.

“We predict that demand for senior housing will continue to grow in our sentiment surveys every six months. This is creating an opportunity for property developers,” said DDproperty country manager Kamolpat Swaengkit.

The significant increase in the Thai elderly population, a change in traditions and global demand for comfortable senior living means that Thailand needs more property for seniors, she said.