Aging Population and Housing Crisis Spark Renovation and Elevator Addition in Real Estate Market

Reported 9 months ago

As of June 26, 2024, Taiwan has over 4.18 million people aged 65 and above, with more than 550,000 living in apartments without elevators. With the country officially entering an 'aging society' in 2018, the issue of the aging population and aging buildings is becoming more severe. Experts predict that in the future, topics such as adding elevators to apartments and renovating old buildings will become a new focus in the real estate market. The aging population trend is expected to impact the real estate market significantly, leading to the development of 'silver residences' with accessible facilities and smart home technologies to cater to the elderly's increasing housing needs.

Source: YAHOO

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