MalayMail-July 15
A boom is forming in the senior care facilities in Malaysia and keeping pace with its transformation into an aged nation, including a proliferation of high-end centers that offer resort-style living for residents. According to the Department of Statistics Malaysia (DOSM), there will be nearly six million Malaysians aged 60 and older by 2030 or around 15 per cent of the population then. Even now, however, centers have already been launched in anticipation of the rapid growth in this potentially lucrative segment. “Back then, we were the only one, and another opened up about six months after us,” Total Investment Sdn Bhd executive director. Chong said they introduced their modern senior care center after they found none in Malaysia that offered the level of service and care they had observed in countries such as Australia. Unlike existing senior living centers, or conventionally known as “old folks home”, GreenAcres was designed as a retirement village with villa unit concept. At the center of the concept is a healthy living senior community. Chong said they only accept seniors who are still mobile, independent but are looking to retire in a setting that they have the daily necessities taken care of for them. Chong said the concept was still novel in Malaysia but was fast catching on. Despite the industry’s growth so far, Chong and Dr Ramnan both said the authorities could still help by enforcing the Private Aged Healthcare Facilities and Services Act 2018. The Act includes regulations for both residential and day care facilities, application for approval to provide private aged healthcare facilities and services, license for the operation of private aged healthcare facilities and duties of the licensed operator. Read more at: https://www.malaymail.com/news/malaysia/2024/07/15/malaysias-path-to-silver-haired-nation-sparks-gold-rush-in-senior-care-centres/142511
