At the recent Milken Institute panel on aging, we explored the evolving landscape of senior care across Asia. I had the privilege of sharing my thoughts on how the challenges in this region go beyond culture—they are about recognizing the inevitable shifts in society due to urbanization, aging populations, consumption habits, and gender role evolution.
When I entered Asia's senior living sector 12 years ago, many were skeptical, citing cultural expectations around filial piety as a barrier. But China has proven the skeptics wrong. Just as society evolves, so does the concept of filial piety, which can take many forms. Ultimately, as lifestyles shift, change becomes inevitable. Rising property prices, declining birth rates, and the growing demand for quality care show that aging is no longer just about tradition—it's about adapting to new social realities.
??? Key Takeaway: "Senior Living" is about creating holistic care and lifestyle institutions, and empowering individuals throughout their aging journey. At Sindora, we believe in creating spaces that offer more than care—places that provide dignity, support, and the ability to live a fulfilling life, regardless of one's physical or cognitive impairment.
Tech is also crucial, but not in the way you think. Forget about humanoid robots! Tech shouldn't replace human interaction; instead, it should optimize operations so that our staff can spend more time on what truly matters—caring for people.
The tipping point for senior living in Asia is here, and with it come immense opportunities for investors, caregivers, and communities to collaborate and shape the future of aging in a dignified and sustainable way.
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Diane Ty Janice Chia Karen Ngui Wang Yuke
Milken Institute Milken Institute Future of Aging