The size of the Chinese market offers a wealth of real estate chances for U.S. developers. Furthermore, the number of persons 60 or older in China will go beyond the U.S. inhabitants in less than 40 years, so senior housing is a rich view. Read more concerning this in the full article from National Real Estate Investor. It’s no speculated U.S. seniors housing companies are keen to do business in China, a market with potentially rich rewards and some high risks.
The number of person’s age 60 and more than in China will exceed the entire inhabitants of the United States by the year 2050. “The size of the market and the degree of chance in China takes your breath away,” says Robert Kramer, president of the National Investment Center for the Seniors Housing & Care Industry (NIC) based in Annapolis, Md. “But triumph will not be easily gifted.”
In the middle of seniors housing companies by now doing business in China or planning to do so Memphis-based CRSA announced this month that it has entered into an concord with a Chinese company to build up and direct senior living communities across China.
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