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Khaw Boon Wan Did It - The Retirement Solution

Ramseth

Alfrescian (Inf)
Asset
A retirement village finally, but ...


It's across the Causeway, to be launched in three months' time

by Joanne Chan [email protected]
05:55 AM Apr 06, 2010
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SINGAPORE - While plans for a purpose-built retirement village here have yet to get off the ground, a new project launching in three months' time across the Causeway is hoping to lure Singapore retirees over, with promises of "state of the art", old-age friendly living.

A Malaysian developer is building Platinum Residence (picture) as part of the $2-billion Lakehill Resort City in the Iskandar Malaysia special economic zone.

An hour's drive from Singapore, the condominium-style retirement village will be staffed by nurses who conduct daily medical checks, said Mr Bill Ch'ng of Lakehill Resort Development. "It's built near the hospital, so it's convenient in case of emergency ... All the facilities in (the city's) public park will be old-age friendly," he told reporters on the sidelines of the Ageing Asia Investment Forum. He declined to say how many units would be available or the price tag, saying plans are still being finalised.

Would Singaporeans bite, giving the experiences some have had with development projects in Johor that failed to deliver as promised?

An official of the developer gave MediaCorp the assurance that "the project will not fail and should meet the expectation of Singapore buyers". "We are a public-listed company and Amanah Raya, a property investment arm operating under the jurisdiction of the Malaysian Finance Ministry, has shares in this project," he added.

In 2008, a plot of land in Jalan Jurong Kechil was released for the development of a retirement community, as Singapore grappled with meeting the needs of an ageing population. But to date, the land has not been taken up by a developer.

Developer Daniel Teo, who has been championing for a retirement village here, said high land costs and the "too short" lease of 30 years offered by the Urban Redevelopment Authority presented hurdles. Also, the allowable built up area for a retirement village is significantly smaller than that for a condominium, making it more of a risk for developers.

"I think we also need some guidelines to facilitate this kind of retirement village concept. For instance, under condominium guidelines, you can have an efficiency ratio up to 90 per cent. While for retirement village, the best is maybe 60 to 70 per cent," he added.
 

zhugeliang

Alfrescian
Loyal
health minister pls send your own mother there first.
don't worry , his children will send him there when he is old,,,,
what is his motive and does it benefits him? is he a partner in the development ? is he related to the developer ? GOVERNMENT TELL US TO LIVE TOGETHER AND TAKE CARE OF OUR PARENTS, KBW TELL US TO TREAT OUR PARENTS AS TRASH AND DUMP THEM IN MALAYSIA..... 官在做,人民在看
GOOH LUCK TO HIM .... :biggrin:
 

HTOLAS

Alfrescian (Inf)
Asset
KBW has a knack of letting slip his deepest thoughts and policy intentions. And then save himself politically, he'd try a backtrack. Remember MEANS TESTING? And the backtrack? 'It's just an idea. What makes you so sure we definitely will have means testing?'

If you don't mind spending your final years away from the country you served, vote in the PAPzis.
 

Watchman

Alfrescian
Loyal
front-skparl17.jpg


You all must learn to be happy with less :smile:O
 
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