SINGAPORE - The pilot project to create a private assisted-living development for seniors in Parry Avenue could be a game changer. If successful, it may spur more developers to pivot towards the fast-growing elderly demographic in Singapore.
Building independent assisted-living private apartments for seniors has yet to catch on here. The Parry Avenue government tender site garnered just four bids from three developers, which seems a muted response. This is partly because such projects call for specialised experience in providing eldercare services, which limits participation to niche players.
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