Datuk Chang Kim Loong: Eventually, it is the purchasers who lose — their houses are taken away; they have to settle their mortgage loans with increasing interests; and they are blacklisted, which means they can never borrow again and never buy houses again!
Within 2,700 acres, it consists of a 12,000 sq ft main house, two guest houses with four bedrooms and two bedrooms respectively, several barns, animal shelter facilities, a maintenance shop and a four-acre lake with a fountain.
There are many things to look out for when building for senior folk
Design for independent senior living has not seen much demand for now, as there has not been much awareness on such a concept, says Malaysian Institute of Interior Designers (MIID) deputy president Ooi Boon Seong.
Jones Lang Wootton executive director Malathi Thevendran: To target the seniors and to provide age-in-place amenities in the true sense, the development has to provide for all aspects of senior living, such as independent, assisted and full care
Jones Lang Wootton executive director Malathi Thevendran: The additional commitment could result in higher risks and more uncertainties from the perspective of developers. Some developers are reluctant to undertake unknown ventures as there are other forms of developments that could be less risky and more profitable.
With greater awareness about independent and active living in the golden years, more people are beginning to plan for their retirement days, starting with homes that facilitate limited mobility and with more immediate accessibility to medical care.
He is being treated at the Universiti Malaya Medical Centre.
Ooi has 20 years of experience in real estate professional services.
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