An Ideal of Retirement Villages Business Model in Malaysia: Analysis of case studies

Samsudin, Salfarina; Latif, Muhammad Razif Shah Abdul; Ngadiman, Norshafadila; Jagun, Zainab Toyin

doi:10.21834/ebpj.v8i23.4471

Cited by 1 publication

(3 citation statements)

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“…Most retirement villages use the lease model compared to the outright sale model, and the units might later be rented, on-sold, or transferred to people not of retirement age (Samsudin et al, 2023). The purpose of the lease model is so that entrepreneurs can control the operation of the retirement village and the project's character.…”

Section: Green Features Sourcesmentioning

confidence: 99%

“…Adults prefer a life that gives them more control over their home environment (E. P. Tan et al, 2022) and, at the same time, to have better support facilities (Samsudin et al, 2023). A good housing environment can help support the health level of adults with a better life (Adlakha et al, 2021)- for example, a good housing environment, security, and pedestrian streets.…”

Section: Green Features Sourcesmentioning

confidence: 99%

“…Lim et al (2020) noted that planning this generation's lifestyle is essential. There is just one RV in Sarawak, Eden-on-the-Park (Samsudin et al, 2023). The absence of a retirement village in Sarawak suggests a potential lack of emphasis on proactive planning and accommodation for the evolving needs of the elderly population.…”

Section: Sample Size and Selection Of Target Populationmentioning

confidence: 99%

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Retirement Village Design Features: Generation X’s Expectation

Mohamad Bohari,

Julaihi,

Kipli

et al. 2024

JSSH

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The retirement village is increasingly accepted as a suitable living arrangement for older people post-retirement. Nevertheless, the specific design elements that should be included in the village to cater for the needs of elderly individuals in Malaysia remain unclear and open to interpretation. Thus, this research examines Generation X’s expectations of the required features that a retirement village should have for more sustainable living. Generation X is selected as the case study as this generation will be the nearest generation that will be the occupant of the retirement village. In this quantitative study, the questionnaire survey method is utilised to investigate the correlation between two primary concepts: the design feature of retirement villages and their influence on the motivation to relocate to such communities. The factors are identified from the integrative literature review conducted. The structural equation model is used to verify if the retirement village design features can significantly influence Generation X’s motivation to move into a retirement village in Malaysia. The retirement village posed three important design features: senior-oriented basic settings, age-friendly social environment, and environmentally friendly design features. The outcome could guide stakeholders to view the retirement village concept based on the local context and set the stage for future research on age-friendly housing facilities for older individuals. However, the results derived from this paper are purely based on the quantitative approach and can be further validated through a qualitative approach to understand each outcome better.

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Section: Green Features Sourcesmentioning

confidence: 99%

Section: Green Features Sourcesmentioning

confidence: 99%