February 6, 2010

SINGAPORE: First Retirement and Aged Care Meet Slated for April

. SINGAPORE / Ageing Asia Investment Forum / February 6, 2010 Property Development, Aged Care & Nursing, Healthcare & Wellness and Asset Financing & Investment to benefit from Asia’s 1.2 billion ageing baby boomers The inaugural annual CEO-level conference, Ageing Asia Investment Forum (AAIF) will be the first conference in Asia focused on developing integrated retirement villages for Asia’s 1.2 billion ageing baby boomers. AAIF will be held in Singapore on 5 & 6 April at Pan Pacific Hotel, says a press release. The forum focuses on key growth industries – Property Development, Aged Care & Nursing, Healthcare &; Wellness, Asset Financing & Investment - that will benefit from a new generation of integrated private residential properties, retirement villages and community aged care facilities, designed for ʻactive ageingʼ and ʻageing in placeʼ. Some 200 international top business, government and voluntary welfare organisation leaders from various major baby boomer and ageing markets are expected at the forum. An international panel of speakers from Europe, USA, Australia, New Zealand, China, India, the Philippines, Thailand, Malaysia and Singapore will present and discuss: • successful models of integrated retirement living and aged care development, • operational and financial best practices and strategies, • commercially viable models in aged care for Asian markets, and • regulatory issues. “The real estate sector can more quickly capitalise on opportunities in the ageing market, because for many Asians, a home is a high-priority prized asset. We hope that with the recent Singapore Economic Strategies Committee’s report, that flexibility in land use and continuing efforts to strengthen Singapore’s Global-Asia hub status could lead to encouraging outcomes for the ageing market. Singapore is one of the fastest ageing countries, as a strategic economic and social gateway, it could be a hub for the convergence of best practices for Asia’s retirement industry,” said Mr Daniel Teo, Chairman &; MD, Hong How Group Singapore, and Presidential Council Member, Real Estate Developers’ Association of Singapore. “Philippine Retirement Authority has been able to successfully attract investments for the retirement industry because of strong government and private sector collaboration. Active government involvement and the integration of the private and public sectors were critical in making the Philippines a haven for foreign and local retirees,” said General Edgar Aglipay, Chairman, Philippine Retirement Authority (PRA) Philippines. “Hospitality companies looking for new growth can seriously consider getting their foot in, to manage integrated retirement villages. Hotel, serviced apartment and resort operators would be able to provide operational expertise in partnership with the developer or owner of an integrated retirement village or nursing home with lifestyle facilities including gyms and restaurants. The strong service orientation of hotel and serviced apartment operators will certainly help change the outlook of retirement homes in Singapore,” said Ms Janice Chia, Managing Director, Xperiential Events. “Southeast Asian countries including Malaysia, the Philippines, Indonesia, Thailand and Vietnam are aggressively promoting themselves as the ideal retirement destination to foreigners and locals. The foreign retirees bring with them investments, expertise and in many cases, their businesses as well,” added Ms Chia. For delegate registration, call Audrey Teo on +65 6829 2160, or email register@ageingasiainvest.com, or fax the registration form on www.ageingasiainvest.com to +65 6491 6578. Register before 26 February 2010 to enjoy savings. [rc]