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Thread: ST Reports: 'Dr Love' plans retirement park By Amelia Tan

  1. #1
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    Default ST Reports: 'Dr Love' plans retirement park By Amelia Tan

    HOWWW? Feasible?


    'Dr Love' plans retirement park
    Johor project to feature 100 freehold landed homes and 'medical butlers'
    Nov 28, 2012
    By Amelia Tan

    Singapore's self-styled "Dr Love", Dr Wei Siang Yu, is leading a group of Asian businessmen to invest more than $50 million in a retirement park in Johor that is mainly aimed at Singaporeans.
    About 100 freehold landed homes, from 1,500 to 5,000 sq ft, will be built on a 4.86ha plot in Senai in the Iskandar region.
    A 1,500 sq ft single-storey unit, with a bedroom, living room and garden is expected to cost about $350,000. The 5,000 sq ft homes will cost about $900,000.
    Construction should start by next year and is scheduled to be completed by 2015.
    Dr Wei, 43, a medical doctor who earned his "Dr Love" nickname for his efforts in teaching Singaporeans about sex, decided to turn his attention about four years ago to providing services for Asia's rapidly ageing population.
    In 2008, he founded Borderless Healthcare Group (BHG), which invests in health-care technology, media and telecommunications services. BHG's real-estate arm is developing the Senai project and there are plans to roll out another two in Iskandar by 2015.
    Dr Wei said a group of more than 10 businessmen and tycoons from countries such as Indonesia, China and Singapore are investing in the projects. He declined to reveal more about them as he did not want to affect ongoing negotiations to acquire two more plots for the upcoming projects.
    In all, the three projects will offer about 500 landed homes.
    BHG's plan is to sell about 40 per cent of the homes to Singaporeans and the rest to retirees from Asian countries such as South Korea, Japan and Indonesia.
    Residents can apply for the Malaysia My Second Home Programme promoted by the Malaysian government for long-term stays.
    Dr Wei said the selling point is the affordable prices of the homes and their high-tech services.
    Residents can hire maids who have attended online caregiving courses developed by BHG. The maids will work with a team of medical butlers via mobile apps to plan diet and fitness programmes for their employers.
    The medical butlers, who are trained nurses, will communicate with residents online to schedule their medical appointments and manage their medical records, stored in an online database.
    Doctors will be available for consultation in the retirement park. Residents can also use a fitness centre and spa. There will also be hubs for residents to buy medical devices and attend classes to learn how to cook organic food.
    Dr Wei estimated that residents will pay between $100 and $1,000 a month to use the services, depending on how many they choose.

    Said Dr Wei: "Our goal is to offer services which take care of all our residents' needs at an affordable price."
    To ensure residents' safety, the parks will be fenced up and there will be guards on patrol.
    In recent years, more Singaporeans have been looking to Malaysia to buy homes due to a weakening ringgit, the lure of owning a landed property and familiarity with the country.
    Well-known Singapore companies are also investing in Iskandar. CapitaLand has been appointed project manager for a 2ha urban wellness project in Medini North, a region in Iskandar.
    Dr Wei said marketing for the Senai retirement park will start early next year but the response from his friends and business contacts has been good.
    Singapore Management University Associate Professor Tan Wee Liang, 54, who is considering buying a home in the Senai park, said: "It is particularly attractive as it is not in some far-flung country but just across the Causeway. Family members and children would have little excuse not to visit."

  2. #2
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    I wonder what is the role of this Dr Love?
    Why does he need to lead the businessmen into the venture?
    Is he going to be a housing agent?

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    I think this one will sell... Very niche... This guy damn smart... Some more got recurring biz from services...

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    But why does he need to lead the businessmen into the venture?
    Does he own the land there?
    I just wonder what is his role in the whole proposed project?

    Where to get the doctors for the project?
    Will the doctors be from Singapore or Malaysia?

    Frankly I think it sounds very ambitious.

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    Quote Originally Posted by buttercarp
    But why does he need to lead the businessmen into the venture?
    Does he own the land there?
    I just wonder what is his role in the whole proposed project?

    Where to get the doctors for the project?
    Will the doctors be from Singapore or Malaysia?

    Frankly I think it sounds very ambitious.
    Sis, he needs funding for such a project.... The easiest and fastest way is thru investors...

    He will may from selling the home and also get recurring biz from services...
    There will be a market as many 'older' Singaporeans would love this as the medical care in jb is lower...

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    $350K x 2.5 = $875K
    $900K x 2.5 = $2.25M

    this is prime area price <10mins drive from tuas. but for senai?
    this price is at least 30% lower before 2011-12 crazy speculation

    Quote Originally Posted by dtrax
    About 100 freehold landed homes, from 1,500 to 5,000 sq ft, will be built on a 4.86ha plot in Senai in the Iskandar region.
    A 1,500 sq ft single-storey unit, with a bedroom, living room and garden is expected to cost about $350,000. The 5,000 sq ft homes will cost about $900,000.

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    Cannot make it as it is so far away from the happening area. Furthermore, Asian still does not like the idea of a retirement home like in the west such as Australia, ec.

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    might as well buy horizon hills.. or peter lim project

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    Quote Originally Posted by DC33_2008
    Cannot make it as it is so far away from the happening area. Furthermore, Asian still does not like the idea of a retirement home like in the west such as Australia, ec.
    Bro, don't discount this leh... Only 100 units... Sup sup swee...

    So this one, u watch out.... First mover game... I don't know if hospital near by or not though, but it could be in the plan if it is not... Malaysia my secon home is for the retired and this people damn scared of health issue and this will be me of the selling point.... So they just need to target this group... Just 1 % done Liao...

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    Quote Originally Posted by chestnut
    Bro, don't discount this leh... Only 100 units... Sup sup swee...

    So this one, u watch out.... First mover game... I don't know if hospital near by or not though, but it could be in the plan if it is not... Malaysia my secon home is for the retired and this people damn scared of health issue and this will be me of the selling point.... So they just need to target this group... Just 1 % done Liao...
    Cheaper n better options available in JB closer to 2nd link.

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    Quote Originally Posted by hyenergix
    Cheaper n better options available in JB closer to 2nd link.
    me prefer 2nd link...
    faster to get into malaysia
    I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)

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    There is a health park in nusajaya. Is it in here?

    Afiat Healthpark Nusajaya's Afiat Healthpark will be tailored specifically towards developing healthcare facilities to meet the increasing local and regional demand for premier and holistic healthcare services. The Afiat Healthpark will provide world class healthcare services by trusted professionals within a fully integrated development. Residing in the city will be a fusion of hospitals, polyclinics, specialists' suites, centres of excellence, research and development facilities, complemented by wellness centres that emphasise traditional treatment, creating a truly holistic healthcare environment.
    Spanning 68 acres, this premier healthpark caters to three distinctive areas under the health spectrum, namely modern medicine, traditional and complementary medicine (TCM) and wellness. Afiat Healthpark will include a private hospital, private specialist clinics, a health screening centre, a commercial village, a nursing college, a rehabilitation centre, a dialysis centre and facilities for traditional and complementary medicines.
    The proposed hospital development is by Columbia Asia, owned by the principals of Columbia Pacific Group, a Seattle, Washington developer and operator of health care and retirement housing facilities throughout the world. This forms the first phase development of Afiat Healthpark which also includes a neighbourhood commercial centre, private specialist’s clinic and a health screening centre.

    Quote Originally Posted by chestnut
    Bro, don't discount this leh... Only 100 units... Sup sup swee...

    So this one, u watch out.... First mover game... I don't know if hospital near by or not though, but it could be in the plan if it is not... Malaysia my secon home is for the retired and this people damn scared of health issue and this will be me of the selling point.... So they just need to target this group... Just 1 % done Liao...

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