Hong Kong’s first private residence for elderly set to welcome retirees who can afford it
Happy Valley’s Ventria Residence offers hotel-like experience with tailored healthcare services in latest project tapping needs of ‘silver economy’
Hong Kong’s first private residence for the elderly is set to open, offering a racecourse view in upmarket Happy Valley and tailor-made healthcare services, but analysts have called for policy incentives to boost the supply of such housing as the population ages.
Ventria Residence, opening on Tuesday next week, is a 21-storey hotel-styled residence providing 168 units between 262 sq ft and 695 sq ft each. Flats on 11 floors are reserved for those who are healthy and require little assistance in daily life, while another seven floors operate as a care home serving those who are frail. Two of those floors are reserved for dementia patients who need special attention.
The site offers a wellness centre, pool, salon, gym and rehabilitation rooms among other facilities.
“The demand for senior housing is huge in Hong Kong,” Joe Sham Ka-hung, CEO of Ventria Residence, said.
Sham noted the project was in line with the government’s call to develop the “silver economy” – the market catering to the needs of elderly Hongkongers.
“The provision of care services for the elderly cannot only depend on the government … It is necessary for private businesses to enter the market,” he said.
