An Ideal of Retirement Villages Business Model in Malaysia: Analysis of case studies

Salfarina Samsudin; Muhammad Razif Shah  Abdul Latif; Norshafadila Ngadiman; Zainab Toyin Jagun

doi:10.21834/ebpj.v8i23.4471

Authors

Salfarina Samsudin Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, Malaysia
Muhammad Razif Shah Abdul Latif Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, Malaysia
Norshafadila Ngadiman Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, Malaysia
Zainab Toyin Jagun School of Built Environment, Engineering & Computing, Leeds Beckett University, United Kingdom

DOI:

https://doi.org/10.21834/ebpj.v8i23.4471

Keywords:

Property Development, Retirement Village, Business Model, Case Study

Abstract

There are three types of retirement villages development business models: the outright sale model, the lease for life model and the rental model. This paper aims to investigate the influence elements of chosen business models adopted in Malaysia's retirement village development. This study uses a qualitative research method through interviews with the selected developers as case studies. The prominent contemplation for developing retirement villages are sustainability, practicality, profitability and land availability. Local developers have been mindful and creative in implementing their retirement village business models.

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Yassin, A. M., Masram, H., & Khim, O. S. (2018). Potential development of retirement village in Malaysia. International Journal of Property Sciences (E-ISSN: 2229-8568), 8(1), 40-51. DOI: https://doi.org/10.22452/ijps.vol8no1.4