Last week the China National Committee on Ageing (CNCA) released a report revealing 6
to 8 percent of older Chinese would be willing to live in a retirement village. With more than
149 million Chinese aged 60 and over, this equals a potential 11-12 million retirement village
residents! The one-child policy, and the trend for the younger generation to move away from
their home towns in search of jobs and a better lifestyle, has lead to the breaking down in
traditional retirement arrangements where the elderly lived with their children. Late last year,
FKP, the parent company to Aveo, announced a joint venture to enter the lucrative Chinese
retirement village market.
Community Living
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
