In fast-ageing South Korea, some entrepreneurs come up with a novel way to tap the silver dollar-offering serviced apartments for senior citizens. Grace Hill, only 15-month-old,is the only such serviced apartment complex in Seoul, is more than just luxurious living. Specialists are hired to design the building specifically with the needs of the elderly in mind.
1) The height of the wash basins can be adjusted at the touch of a buttion to cater for those who have difficulties bending down.
2) Shower sprinklers are bulit close to the floor so that the residents can sit down to take a bath.
3) The heating system in the swimming pool ensures that the water is at a uniform 30deg C always.
The array of activities include daily swimming sessions, dance and fitness lessons conducted by trained instructors. Also it come is a mini golf range, snooker lounge and table tennis. Parties ar held on special occasions such as Christmas and Chusok, Korean thanksgiving. Internet terminals and playrooms to entertain young grandchildren.
The whole concept is very pro-family and good for the physical and emotional health of the old folks.
A refundable deposit is between S$347k - S$767k, depending on the size of the unit ranging from the equivalent of a two-room HDB flat to a five-room HDB flat. The yearly rental including three buffet meals a day per person ranges between S#17.3k to S$30.4k.
Presently these residents come from the middle to upper class of Korean society will sign a contract to live at Grace Hill for a minimum of three years.
What is your opinions on such a concept? You are welcome to leave your comment here.
