A feasibility study of developing a retirement community project in Thailand
Issued Date
2022
Issued Date (B.E.)
2565
Available Date
Copyright Date
Resource Type
Series
Edition
Language
eng
File Type
application/pdf
No. of Pages/File Size
53 leaves
ISBN
ISSN
eISSN
DOI
Other identifier(s)
b215999
Identifier(s)
Access Rights
Access Status
Rights
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Rights Holder(s)
Physical Location
National Institute of Development Administration. Library and Information Center
Bibliographic Citation
Citation
Luo, Yiting (2022). A feasibility study of developing a retirement community project in Thailand. Retrieved from: https://repository.nida.ac.th/handle/662723737/6587.
Title
A feasibility study of developing a retirement community project in Thailand
Alternative Title(s)
Author(s)
Advisor(s)
Editor(s)
item.page.dc.contrubutor.advisor
Advisor's email
Contributor(s)
Contributor(s)
Abstract
Population aging was a global concern as many countries, including Thailand, had already become the aged society. However, most of the real estate developers were still focusing on conventional residential projects which were not suitable for elderly due to lack of facilities and services. Currently, the majority of Thai elderly had to choose between living under family support or moving into public-operated retirement community, in which their living condition could hardly be ensured. This study aimed to explore the possibility of private sector real estate developers to engage in the retirement project by determining the financial feasibility of a private-operated retirement project using cost benefit analysis. Market survey and semi-structured interviews were conducted prior to the analysis, and we found that under the current market demand, a retirement project could generate a positive net present value, however the return on investment was lower than conventional real estate project. Hence, financial support from the public sector might be needed in order to better motivate the private developers to engage in the retirement projects.
Table of contents
Description
Thesis (M. Econ. (Economics and Management))--National Institute of Development Administration, 2022