Forum: NTUC has studied possibility of operating retirement homes but found it not financially viable

We thank Mr Sum Kam Weng for his suggestion in “NTUC might construct, function large-scale retirement homes” (Jan 12).

Over time, NTUC Enterprise and NTUC Well being have studied the possibility of constructing and operating retirement homes. Nonetheless, we’ve not found a financially viable case for this, given the excessive land price in Singapore.

Additionally, we’ve found that the relative attractiveness of a retirement house is not as important in Singapore as a result of most individuals already stay in compact city housing the place amenities and facilities are conveniently situated shut by.

In different international locations the place land price is decrease, and the place companies and actions are not as accessible, retirement homes could also be viable.

See also  Canada confirms two circumstances of Omicron Covid-19 variant - Ottawa News

The place such homes are viable, residents are usually supported by a complete funding system for intermediate and long-term care and/or have sufficient monetary sources accrued over a lifetime.

Even so, retirement homes are likely to cater to the higher middle-income and canopy a small proportion of the aged inhabitants.

In Singapore, most of us stay in proximity with each other, with the potential to construct casual networks of care and assist.

In lots of respects, Singapore neighbourhoods are pure retirement communities.

See also  Macron vows to 'hassle until the end' French not vaccinated against Covid-19

In recent times, the Authorities has additionally launched neighbourhoods with HDB residences and facilities for seniors similar to Kampung Admiralty, the place NTUC Well being operates lively ageing and rehabilitation companies, and a day care centre for seniors.

Many individuals want to age the place they stay – the place they’ve mates and every thing is acquainted.

Transferring to a retirement dwelling, regardless of how effectively developed, continues to be a significant disruption and will be traumatic for some.

Subsequently, NTUC Well being’s method is to supply companies that permit individuals age effectively of their communities.

The place mandatory, we will additionally provide private care, nursing and rehabilitation companies within the senior’s own residence.

See also  Cut The Wrong Wire And It Goes Boom. Riddle: Check The Answer And Explanation

For these for whom dwelling locally is now not doable, we function nursing homes the place we do attempt to rehabilitate as many seniors as doable, in order that they regain adequate independence to return dwelling.

NTUC will proceed to think about introducing new and financially sustainable companies, together with retirement homes, as Singapore evolves to satisfy the wants of an ageing inhabitants.

Chan Su Yee

Chief Govt Officer

NTUC Well being Co-operative

%d bloggers like this:
Ads Blocker Image Powered by Code Help Pro
Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Refresh Now
Powered By
CHP Adblock Detector Plugin | Codehelppro