Outlook Money
Senior living facilities provide senior citizens with different in-house care while also providing independent places to live.
The lack of clear government guidelines leads to discrepancies in senior living facility development and operational standards, resulting in varying quality and services across regions, causing confusion and inefficiency.
Maintaining healthcare facilities that meet high customer expectations within an affordable range is challenging.
Service cost allocation issues arise when non-residential owners disagree on cost sharing, complicating charge distribution.
The disparity in taxation between Resident Welfare Associations and senior living operators leads to unaffordability for both operator and resident.