As elderly accommodation remains scarce, now is the time for the government to enable the game-changing opportunities in the Northern Metropolis
Hong Kong has a shortage of accommodation for the elderly. There are only 1,500 places in the private or subsidised market, even though 2.1 million residents are currently over the age of 60. This shortage has put strain on society, but what can be done?
Utilising the Northern Metropolis, which offers a wealth of land and new opportunities, there is chance to focus on the needs of the elderly by creating a dedicated New Development Area, which would also position Hong Kong as a pioneer in this rapidly growing market - a win-win for everyone.
This paper takes a holistic approach to our ageing society and reveals solutions that benefit all stakeholders. It provides a direct call to action for the government to create a platform for investors, developers and operators to develop workable solutions.