Lendlease keen to develop retirement villages in Shanghai and Malaysia

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Tony Lombardo, CEO Asia for Lendlease, has been quoted this week to be keen to establish retirement villages in Shanghai and the economic zone Iskandar Malaysia, the development corridor adjacent to Singapore.

Lendlease has been talking up Shanghai as a Tier One city for several years. They had hoped to launch an 800 unit retirement village development in 2015.

Iskandar Malaysia (pictured) is literally just across the Jahor Straight Bridge from Singapore. Lombardo is quoted in The Edge Singapore that Lendlease can develop in the economic zone with lower land cost and operating costs for ageing Singapore citizens looking for affordable retirement villages.

“We would love to create a senior living village in Singapore (but the government would need to) price it differently from the typical government land sales sites zoned for residential or commercial use,” he said.

Credit: New Cities Foundation

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