Higher demand forecast for seniors housing

Real Estate September 27, 2017 01:00

By The Nation

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The potential demand for housing for seniors is on the rise according to the latest version of Ddproperty’s bi-annual consumer sentiment survey.

The survey found that for the first half of 2017 there had been a 5 growth in the number of people reporting concerns about their living situation in old age compared with the second half of 2016, the property portal said in the survey results announced yesterday. “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, the change in traditions, and global demand for comfortable senior living means that Thailand needs more property for seniors, she said.