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Elderly homes Senior Living residences
Mainly operated by NGOs, charities and listed companies Built by developers, owned by investors and operated by a private care company
A licence for operation is required Typically, no licence is required
The accommodation fee is usually paid monthly by the residents Various payment types: monthly fees, a debenture system or private treaty sales
Maximum building height of 24 meters No limits on the building height
Typically, residents lease a bed space rather than a certain designated private area Residents lease or buy a private self-contained apartment within the facility
In-house care is usually limited to nursing facilities and additional media care requires external services Have on-site medical and leisure facilities providing specialist services
Facilities are aimed at elderly residents who need regular nursing care The level of care provided is flexible and tailored to the residents’ actual needs