Hong Kong’s first private residence for the elderly is set to open, offering a racecourse view in upmarket Happy Valley and tailor-made healthcare services, but analysts have called for policy incentives to boost the supply of such housing as the population ages.
Ventria Residence, opening on Tuesday next week, is a 21-storey hotel-styled residence providing 168 units between 262 sq ft and 695 sq ft each. Flats on 11 floors are reserved for those who are healthy and require little assistance in daily life, while another seven floors operate as a care home serving those who are frail. Two of those floors are reserved for dementia patients who need special attention.
