ISSUES AND CHALLENGES
With a rapidly aging population, there is a tremendous supply shortage in elderly facilities. State-run nursing homes are packed and people sometimes wait ten years to get in. On the other hand, there are a lot of purpose-built elderly apartments with no takers. This is the status quo of China’s Aged Care industry. Players in the industry are still searching for the right delivery model. Copying overseas models does not seem to address the needs of Chinese senior citizens. Insufficient government support, scale of investment, slow return, and limited number of qualified operators all pose great demand on the Aged Care developments.