2023-07-19-莱坊-Seniors_Housing_Development_Update_2023_9页_364kb

报告摘要

Seniors housing experienced its strongest year since 2018 in 2022, with over 8,000 new units added across 145 schemes.
Total operational units reached 762,872, but the stock is predominantly older (69% pre-1990), with only 12% built since 2010.

Dominant Form: Integrated Retirement Communities (IRCs) became the main type of new delivery, accounting for 58% of new units in 2022, up from 49% in 2021. This trend favors larger developments (typically 60-200 units).
Shift to Urban: Increased development activity in urban and peri-urban locations, supported by the Baby Boomer preference for walkability and convenience. 30% of recently built IRC schemes are located in the most urban areas.
Sustainability Focus: Growing demand for net-zero carbon schemes and social enterprise models, reflecting broader societal and environmental concerns.

Elevated Costs: High build costs, labor shortages/planning uncertainty, and rising inflation created a tougher development environment. Build costs increased by 8.7% in 2022.
Funding & Policy: Difficulty funding new projects due to debt costs and the complex, patchwork nature of existing planning policies and regulations.
Supply Gap: Annual new construction represents only ~3% of total new housing builds yearly, significantly under-supplying the growing elderly population (~4.2 million projected by 2040).

Overall Growth: Specialist seniors housing units are forecast to grow by 7.5%, totaling just over 820,000 units.
IRC Growth: IRC units (38.7% increase) are expected to grow faster than retirement housing units (3.5% increase).
Private Rental: Private seniors rental units are forecast to increase by 91% to ~4,750 units by 2027.

Government Taskforce: Proposed taskforce to address affordability, marketing, planning process, and dedicated funding for seniors housing, aiming for ~50,000 new units annually.
ESG Importance: Continued focus on Environmental, Social, and Governance (ESG) criteria will likely drive further market development.

展开完整摘要