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Complete retirement villas eyed

By Julito G. Rada | Posted on Nov. 22, 2012 at 12:01am |
[ manilastandardtoday.com ]

The Retirement and Healthcare Coalition, a group led by foreign businessmen, asked property developers to build complete retirement villages to serve a bigger portion of the increasing “silver market.”

Coalition executive director Marc Daubenbuechel said Wednesday property developers should look beyond mere “sleeping quarters,” as other countries in the region built their own infrastructure to get a bigger share of the market.

“The increasing numbers of retirees that are looking for homes outside their own countries are increasing each year.  The Philippines must be able to cater to their needs for retirement communities that fit their lifestyle,” Daubenbuechel said.

He said developers in the country should not just sit back and take foreign retirees for granted because by 2030, about 25 percent of the world’s population would be comprised of retirees.

Daubenbuechel said property developers were contented in offering “sleeping quarters” that did not have vital components on leisure, entertainment, health and wellness of foreign retirees.

“There should be a deeper understanding of how the players in the local industry should move forward,” Daubenbuechel said.

The coalition said to further promote and assist in the development of the country as a prime retirement destination, it was holding a series of seminars and forums with key players in the industry.
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