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News and research



Asian investors setting sights overseas/thailand/en-gb/news/592/asian-investors-setting-sights-overseasAsian investors setting sights overseasSecond quarter data show more capital targeting real estate; United States, United Kingdom and Germany top destinations, according to JLL0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Strong potential for luxury senior housing market in Thailand/thailand/en-gb/news/585/strong-potential-for-luxury-senior-housing-market-in-thailandStrong potential for luxury senior housing market in Thailand<p>​As Thailand is becoming an aging society, more senior housing projects by both government bodies and private developers are rising across the country. While most of these projects are aimed at accommodating aging Thai population, luxury senior housing developments in the country's resort destinations are growing in number to cater mainly foreigners and affluent Thais, according to international property consultant JLL.</p><p> </p><p>"Luxury senior housing market in Thailand remains relatively small but has a strong potential to grow," says Suphin Mechuchep, Managing Director of JLL.</p><p> </p><p>She explains that a nice living environment, competitive cost of living and more affordable high quality nursing care have made Thailand an ideal home for senior people from developed economies. These include both independent living retirees and aged members in families that trust their parents would receive better care here.</p><p> </p><p>Domestic demand for luxury senior housing in Thailand has remained limited, however. Putting aged parents in senior homes is not popular among Thais who generally look after the elderly well. In addition, Thai families, particularly well-to-do ones, may feel embarrassed about not looking after their parents themselves, and thus tend to hire a private nurse or nursing aide to provide the care needed at their own home.</p><p> </p><p>Nonetheless, this is expected to change in the near future.</p><p> </p><p>"As luxury senior housing estates put a strong focus on quality of services for assisted living, modern Thai families are likely to become more comfortable with an option to send their aged members that lose the ability to live independently to better equipped senior homes," Mrs. Suphin explains.</p><p> </p><p>"In an increasingly modern Thai society, there is a growing number of affluent Thai baby boomers planning for active ageing without relying on assistance from their family members on retirement. This will translate into demand for senior homes in the future," she adds.</p><p> </p><p>There are many residential developments in Thailand that are claimed to be luxury senior housing estates, providing an ultimate living environment for retirees.  However, only a handful of these developments are truly senior homes.</p><p> </p><p>"Asides from accommodation, age related services must be provided. These range from housekeeping, meals, medication management, and exercise activities to bathing and washroom assistance. These services need to be customised to suit changing needs of each senior, depending on age and health condition," says Dexter Norville, Director of Property and Asset Management at JLL.</p><p> </p><p>"While several Thai developers have realised a potential growth in demand for luxury retirement homes in Thailand from both foreigners and Thais, the lack of knowhow to develop, operate, manage and market senior housing estate is a big challenge," says Mr. Norville.</p><p>He believes that there remains a lot of room for the luxury senior housing market to grow in Thailand and good potential would be for local developers to form joint ventures with international specialists in this market.</p><p> </p><p>"Local developers that have land and development capability could form joint ventures with international senior housing specialists who could bring the intellectual property and knowhow on how the property should be designed both internally and aesthetically. These specialists would also bring in their marketing knowhow to help brand the project and attract both end users and individual investors and end users," says Mr. Norville.</p><p> </p><p>With an ever increasing aged population globally, Thailand could offer excellent development and housing opportunities for both the retirees and those companies involved in that business.</p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88



Asia Pacific Property Digest 2Q 2017/asia-pacific/en-gb/research/905/asia-pacific-property-digest-2q-2017Asia Pacific Property Digest 2Q 2017Interest in industrial assets stacking up0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Tech firm office location choice - how does it work in Asia Pacific?/asia-pacific/en-gb/research/837/tech-firm-office-location-choice_jan2017Tech firm office location choice - how does it work in Asia Pacific?In this paper, we examine the factors involved in the regional and city location choices tech firms make, with the following key findings.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045

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