1、The Rise of Senior Living Value and Risk AdvisoryMay 2023Investment opportunities in Hong Kong and the Mainland Cities of the Greater Bay Area2The Rise of Senior LivingForewordOur world is changing.The way we live,the way we work,the way we interact with one another and even the way we organise our

2、lives continues to evolve.Globally,we face the reality of an ageing population and a reshaping of traditional values as we re-imagine how we wish to live.Within Hong Kong,around 20%population is over the age of 65 and this share is expected to rise to around 34.5%by 2040.In China,this figure stands

3、at just under 19%and is expected to reach 30%by the end of the next decade.By 2050,Hong Kong will have the oldest population in the world.As our world gets older,our lifestyle and the way we choose to live in old age has and continues to change.In both Hong Kong and China,the population is increasin

4、gly living longer,healthier lives and the economic boom of the past few decades has provided seniors with more wealth and independence than ever before.This enables them to choose a different way of living during their senior years.At the same time,the way we view the traditional family unit continu

5、es to evolve as well.Our lives are becoming busier and more global,and an increasing number of working families are now choosing to live and work overseas,leaving behind elderly parents.Historically,the elderly population would have few options for living in their senior years other than living with

6、 family or in an elderly home.So what do you do if you wish to retain your lifestyle and continue to live independently?Weve observed similar trends and shifts before in both North America and Europe during the 1970s and 1980s,which laid the foundations for the establishment of a Senior Living marke