RE3103 Real Estate Development
latter refers to the seniors who spend their golden years in solidarity and are often abandoned when struck with serious illnesses. To subside the potential harm from these problems, Continuing Care of Retirement Community (CCRC), originated from the USA is being favoured by the Japanese government. A special task force, ‘Experts meeting for Japanese style CCRC’ was set up during 2015, and have since been trying to promote CCRC projects in Japan. The following two examples depict the two varied scale of projects being established in Japan for the retired seniors, from which we can adopt the learning objectives and vision from.
Figure 8: Projects for Retired Seniors in Japan; Smart Community Image and Share Kanazawa
4.3 USA The baby boomer generation has changed and reshaped the U.S. economy in the recent decades, especially bringing about the increasing demand of private senior housing market. The report from Harvard Joint Centre for Housing Studies showed that the numbers of Americans aged 65 or older is expected to be 79 million by 2035. The number of elderly above the age of 80 will double from 6 million to 12 million in the next two decades. Therefore, proximately one out of three U.S. households will be owned by a resident over the age of 65. By 2035, among 17 million elderly households, at least one person has a physical disability and millions required assistance on daily housework and activities. Currently, only 1% of current housing stock offer supporting features for the vulnerable elderly. However, the large surge in the senior population required quick action to create more affordable housing, 13