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Copyright (C) Pyk 2018
Retirement Residences
Early Stage Concept Plan
By Pyk
As at March 2018
Copyright (C) Pyk 2018
Situation in Singapore Today
● There are many nursing homes for elderly in Singapore today
● Nursing homes provide full live-in services for elderly folk who need
a high level of care and attention on a day to day, hour to hour
basis - that is, the elderly person is majority of the time bedridden,
or cannot live independently (needing constant care). This is much
needed and we are thankful for all the nursing homes that exist.
● There is also a large proportion of retirees who can live
independently most of the time and only needing a small amount
of assistance (qualifying criteria). They would benefit from having a
community to be able to interact with and do activities together.
● We think a retirement residences or assisted-living residences
concept would serve this profile of retirees well - especially those
from the middle to upper-middle income backgrounds
Copyright (C) Pyk 2018
Concept
● A comfortable home for retired couples who want a balance of
independence and community, with basic provisions and
assistance for daily living
● Target Group - retired couples who can afford comfortable
residential living (middle to upper-middle income)
● Each couple, or single person, will have a fully equipped studio
apartment to call their home - fully self-contained
● Additional shared common spaces will provide the quality home
feel and promote community interaction - dining room, living room,
kitchen, laundry room, recreation spaces
● Live-in helpers/nurses, with visiting medical care specialist will tend
to the needs of the ageing folk (and taking care of the house)
Copyright (C) Pyk 2018
Large Common Shared Spaces (e.g., ground floor of two storey bungalow)
ServingCounter
Side Board Cupboards
Dining Area
Concept Drawing - not to scale
Sink, Stove, Oven, Counter Top, Cupboards
Balcony/Patio/
Garden
Open Kitchen
Fridge,Dishwasher,
Cupboards
Living RoomBand Room
Activity Room
Laundry
Room
Copyright (C) Pyk 2018
2nd Floor could house 4 studio apartment units
Concept Drawing - not to scale
Lift
Stairs
Studio Apartment
Unit 1
Studio Apartment
Unit 2
Studio Apartment
Unit 4
Studio Apartment
Unit 3
Copyright (C) Pyk 2018
Each studio apartment unit is fully equipped with en-suite bathroom, living area, and study
area (except facilities that will be in the central shared spaces)
Queen-size
Bed
Bathroom
Concept Drawing - not to scale
Wardrobe
BayWindowBench
Cupboards / Storage
Study
Area
Entrance
Shoe Cabinet
Sitting Bench
TVConsole/Shelves
Living
Area
Dining Table
Copyright (C) Pyk 2018
Business Model
2-Storey Bungalow Concept:
● Get a piece of free-hold land in a less prime area of Singapore (e.g.,
Choa Chu Kang, Yio Chu Kang, Sembawang, Sengkang).
○ Land cost?
● Build a 2-storey bungalow with an outdoor garden area?
○ Development cost of building bungalow?
● Each studio apartment could be rented out, and the rent would
cover the common areas and helpers, and basic medical help.
○ Rent out each apartment at around $3k/month?
○ Can also explore long-term lease ownership / hybrid management strata title
concept like Retirement Villages in Western Countries. With buy-back provisions.
● Additional medical care will be on demand and self-pay - work with
health care provision platforms (e.g., Jaga-Me).
Copyright (C) Pyk 2018
Feedback?

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Retirement Residences

  • 1. Copyright (C) Pyk 2018 Retirement Residences Early Stage Concept Plan By Pyk As at March 2018
  • 2. Copyright (C) Pyk 2018 Situation in Singapore Today ● There are many nursing homes for elderly in Singapore today ● Nursing homes provide full live-in services for elderly folk who need a high level of care and attention on a day to day, hour to hour basis - that is, the elderly person is majority of the time bedridden, or cannot live independently (needing constant care). This is much needed and we are thankful for all the nursing homes that exist. ● There is also a large proportion of retirees who can live independently most of the time and only needing a small amount of assistance (qualifying criteria). They would benefit from having a community to be able to interact with and do activities together. ● We think a retirement residences or assisted-living residences concept would serve this profile of retirees well - especially those from the middle to upper-middle income backgrounds
  • 3. Copyright (C) Pyk 2018 Concept ● A comfortable home for retired couples who want a balance of independence and community, with basic provisions and assistance for daily living ● Target Group - retired couples who can afford comfortable residential living (middle to upper-middle income) ● Each couple, or single person, will have a fully equipped studio apartment to call their home - fully self-contained ● Additional shared common spaces will provide the quality home feel and promote community interaction - dining room, living room, kitchen, laundry room, recreation spaces ● Live-in helpers/nurses, with visiting medical care specialist will tend to the needs of the ageing folk (and taking care of the house)
  • 4. Copyright (C) Pyk 2018 Large Common Shared Spaces (e.g., ground floor of two storey bungalow) ServingCounter Side Board Cupboards Dining Area Concept Drawing - not to scale Sink, Stove, Oven, Counter Top, Cupboards Balcony/Patio/ Garden Open Kitchen Fridge,Dishwasher, Cupboards Living RoomBand Room Activity Room Laundry Room
  • 5. Copyright (C) Pyk 2018 2nd Floor could house 4 studio apartment units Concept Drawing - not to scale Lift Stairs Studio Apartment Unit 1 Studio Apartment Unit 2 Studio Apartment Unit 4 Studio Apartment Unit 3
  • 6. Copyright (C) Pyk 2018 Each studio apartment unit is fully equipped with en-suite bathroom, living area, and study area (except facilities that will be in the central shared spaces) Queen-size Bed Bathroom Concept Drawing - not to scale Wardrobe BayWindowBench Cupboards / Storage Study Area Entrance Shoe Cabinet Sitting Bench TVConsole/Shelves Living Area Dining Table
  • 7. Copyright (C) Pyk 2018 Business Model 2-Storey Bungalow Concept: ● Get a piece of free-hold land in a less prime area of Singapore (e.g., Choa Chu Kang, Yio Chu Kang, Sembawang, Sengkang). ○ Land cost? ● Build a 2-storey bungalow with an outdoor garden area? ○ Development cost of building bungalow? ● Each studio apartment could be rented out, and the rent would cover the common areas and helpers, and basic medical help. ○ Rent out each apartment at around $3k/month? ○ Can also explore long-term lease ownership / hybrid management strata title concept like Retirement Villages in Western Countries. With buy-back provisions. ● Additional medical care will be on demand and self-pay - work with health care provision platforms (e.g., Jaga-Me).
  • 8. Copyright (C) Pyk 2018 Feedback?