dtrax
10-11-13, 01:58
Oh oh.. No more Hillfords condo? Become retirement village?
http://www.straitstimes.com/breaking-news/singapore/story/singapore-get-first-retirement-village-20131110
For a long time some of Singapore’s ageing baby boomers have said what Singapore needs are retirement villages like the ones you see in developed countries. They provide housing as well as a range of amenities for older people, who get to live in a purpose-built community of their own.
Now it is going to happen, with a pilot project coming up in Jalan Jurong Kechil.
Property developer World Class Land, a subsidiary of the Aspial jewellery group, is building a retirement village on a plot roughly the size of 1 1/2 football fields.
It won a tender last November by offering close to $75 million for the 60-year leasehold land. Details about the number and size of units, and the price, are still being worked out and will be announced later, a spokesman for the company said.
http://www.straitstimes.com/breaking-news/singapore/story/singapore-get-first-retirement-village-20131110
For a long time some of Singapore’s ageing baby boomers have said what Singapore needs are retirement villages like the ones you see in developed countries. They provide housing as well as a range of amenities for older people, who get to live in a purpose-built community of their own.
Now it is going to happen, with a pilot project coming up in Jalan Jurong Kechil.
Property developer World Class Land, a subsidiary of the Aspial jewellery group, is building a retirement village on a plot roughly the size of 1 1/2 football fields.
It won a tender last November by offering close to $75 million for the 60-year leasehold land. Details about the number and size of units, and the price, are still being worked out and will be announced later, a spokesman for the company said.