Colliers Hong Kong's Silver Lining Report

Colliers International (Hong Kong) is a new corporate member at DutchCham. They’ve kindly shared a report with us to highlight some key insights into Hong Kong’s senior private living sector.

Hong Kong is rapidly becoming an aged society, with over one-third of its population expected to be 65 or older by 2046. Yet, the city faces a severe shortage of private senior housing, leaving affluent retirees with limited options. The report by Colliers highlights the gap, revealing only 1,700 private senior housing units exist alongside 79,000 subsidized Residential Care Home for the Elderly (RCHE) beds—far below demand.

Key Challenges

• Policy Gaps: Limited government incentives discourage private developers from building senior-friendly housing.
• High Costs: Land premiums, regulatory hurdles, and operational expenses make projects unattractive.
• Diverse Needs: Seniors seek independence, community, and healthcare access, but options are scarce.

Opportunities

• Wealthy Demographics: 7% of Hongkongers hold over HKD 10 million in assets, creating demand for premium senior living.
• Northern Metropolis Potential: Designated senior-friendly zones could unlock new housing models.
• Repurposing Buildings: Converting underused commercial spaces into senior housing could accelerate supply.

To read more, click here!