South China Morning Post on Nostr: As Hong Kong and Singapore age, health businesses loom larger in property market ...
As Hong Kong and Singapore age, health businesses loom larger in property market
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As the average age in Hong Kong and Singapore rises, health and beauty clinics are becoming significant tenants in commercial property markets; By 2030, one in four Singaporeans will be aged 65 or above, up from one in 10 in 2010; In Hong Kong, elderly population expected to rise to 36% by 2046 from 20.5% in 2021; Singapore has space constraints limiting medical unit conversions to 20% of commercial buildings; Hong Kong has a commercial property supply glut with a 13.4% vacancy rate as of September; Parkway Hospitals purchased a floor in Tong Building for S$31.33 million (US$26.7 million); Trinity Medical Group established a US$100 million joint venture for medical property investments; Swire Pacific committed HK$20 billion to healthcare; Medical segment expected to grow as a tenant in Hong Kong's property market.
#Healthcare #PropertyMarket #HongKong #Singapore #RealEstate #AgingPopulation #Investment #CommercialProperty #MedicalSector #Demographics
https://www.scmp.com/business/article/3284845/hong-kong-and-singapore-age-health-businesses-become-bigger-property-players?module=Hong%20Kong%20economy&pgtype=section
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As the average age in Hong Kong and Singapore rises, health and beauty clinics are becoming significant tenants in commercial property markets; By 2030, one in four Singaporeans will be aged 65 or above, up from one in 10 in 2010; In Hong Kong, elderly population expected to rise to 36% by 2046 from 20.5% in 2021; Singapore has space constraints limiting medical unit conversions to 20% of commercial buildings; Hong Kong has a commercial property supply glut with a 13.4% vacancy rate as of September; Parkway Hospitals purchased a floor in Tong Building for S$31.33 million (US$26.7 million); Trinity Medical Group established a US$100 million joint venture for medical property investments; Swire Pacific committed HK$20 billion to healthcare; Medical segment expected to grow as a tenant in Hong Kong's property market.
#Healthcare #PropertyMarket #HongKong #Singapore #RealEstate #AgingPopulation #Investment #CommercialProperty #MedicalSector #Demographics
https://www.scmp.com/business/article/3284845/hong-kong-and-singapore-age-health-businesses-become-bigger-property-players?module=Hong%20Kong%20economy&pgtype=section