What is the Impetus to Move? Amenity-rich Residential Clubs and Retirement Housing Aspirations of the Soon-to-be Old

Abstract

Hong Kong’s population is aging rapidly, yet the city is still struggling to provide an adequate housing supply for its soon-to-be old cohort. By examining the needs and aspirations of the soon-to-be old population through the theoretical frameworks for elderly housing and elderly migration, the relationship between amenity-rich residential clubs and retirement housing aspirations of future retirees become clear. This paper finds that the soon-to-be old cohort is aspired to better medical, leisure, and community facilities in their residential vicinities when considering their retirement living environment, underlining the appeal of amenity-rich residential clubs; however, most of the soon-to-old old cohort are unwilling to migrate.