Elderly in Hong Kong looking to China for affordable care in retirement

A view of a bedroom in Yee Hong Heights, a senior care home managed by a Hong Kong charitable organization, in Shenzhen, Guangdong province, China July 16, 2019. REUTERS/Clare Jim/MANILA BULLETIN

It is a marked departure from the skepticism that greeted the Hong Kong government a few years ago when it tried to encourage seniors to retire in China’s Guangdong province as part of an effort to ease a housing shortage. New World Development , a major Hong Kong developer, said it planned to expand “Humansa” – a senior healthcare and rehabilitation service it launched late last year – into Shenzhen, Foshan, Shunde and other cities in the mainland this year.

Hong Kong’s Labour and Welfare Bureau forecast there would be a shortage of 11,600 subsidized beds for elderly care in the 2026 fiscal year. That’s the equivalent of about 70 senior care homes. The government also plans to grant additional old-age living allowances starting in 2020 for people living in the two provinces.

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