HONG KONG - After spending time with his 84-year-old mother in a senior care home in the southern Chinese city of Shenzhen, David Lee walked up to the supervisor and asked to reserve a place there for his own retirement.
It is a marked departure from the scepticism 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 subsidised 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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