RETIREMENT VILLAGE- BUZZWORD, BALONIES OR IS IT FOR REAL?

RETIREMENT VILLAGE- BUZZWORD, BALONIES OR IS IT FOR REAL?
I have my reservations about all this current Malaysian’s developers current buzzwords, retirement village, retirement condo and senior living community. I suspect, to put it mildly, is used to sell their properties in this current slowing and rather sluggish property market, especially high-rise developments.
They promised services like medical, convenience, activities, emergency assistance, making new friends with like-minded people and community living just to name a few. The place to retire.
But hey, aren’t all housing estates a retirement village then, it has all the above. Let’s debunk the buzzwords and look at what the 3 basic components of a home for retirement.
Medical services and convenience. Medical services is the first important convenience needed by all in an aged community. Hospitals, clinics, pharmacies and Chinese medicinal shop. Some developments promised such convenience in their development, a few may keep their promised but most development will fail.
Housing estates are developed along an existing medical care infrastructure like, being near to government hospitals, government clinics and later on the emergence of private hospitals and pharmacies in the estate as the housing estates mature. In the retirement village the process is reversed or generally brought forward by promises of the developer. The existence of medical services are promised as a package of sale, which, is what it is a promise.
For any medical facilities to exist, it needs a matured market, example, Desa Park city did not start with a medical centre but 15 years on, Desa Park and its surrounding area matured and attracted private players in the community. For private medical services, sustainability is important. And new developments just do not have enough business to sustain it.
Therefore, the developers promise will fail and if they insist they will include in the package, will cost them heavily to sustain a promise, which like some projects, will be abandoned.
The second need is the convenience of amenities like wet market, shops, coffee shops, restaurants and 24 hours convenient store. People need to get these at their convenient.  Again, for them to exist in an area it has to be able to sustain. They need the density of population numbers to support its existence.  A friend was telling me that he wanted to have a in house coffee shop with many stores in his development with 600 plus units of retirement home. I tole him the coffee shop must be opened to the public for it to survive. He then told me that this will lose its exclusivity and privacy. I replied that each store will need to sell at least 100 bowls of noodle or what not at RM7 a bowl for it to be survive. Food and labour costs will kill them.
So it is not viable.
Finally, transport, public transport, easy access, parking spaces are all part of these eco system. When we aged, our mobility may depend on public transports, although currently we have a few more options than before, it still needs to be better.
So, my conclusion about retirement village, it is just another buzzword and quite a bit of balonies. One don’t need to a retirement home because all homes are retirement homes. It is built in a community, you have friends and we call them neighbours. As for activities, if one is not already into any activities and it is not their habit to do so, going into a retirement home will not help.
It will not be sustainable for developers to have activities all the time. It will be a big cost to keep those providing the activities on a full-time basis and on part-time or freelance basis all the yoga teachers, fitness gurus are already working with some celebrity gym.
In short, most developers will not be able to keep their promises, and all the retirement village is just another condo with a promise.
So, is there any hope of making a retirement village? The answer is yes, but not the way it is done now.