KV Asia in Singapore aged care buyout
One in every three people in Singapore will be aged 65-plus by 2050, based on current birth rates and without an influx of youthful migrants. The country’s median age will rise to 55, up from the current level of 39. Just over the next seven years, the number of people aged 60 and over will increase to 1.25 million from 850,000.
Fast-aging populations place huge pressure on the infrastructure required to support them. Singapore has only 10,000 nursing home beds and even if the government succeeds in adding a further 6,600 beds...
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