Facilities for the elderly that integrate community life into the environment, and other reports

For PropertyGuru’s news roundup, the design of facilities for the elderly presents an opportunity to foster interaction and reduce loneliness among older adults. In other headlines, hotel management agreements (HMAs) are increasing in duration, management fees have decreased, and sales and marketing fees have increased across Asia Pacific in the past five years. Lastly, because of the quiet Bangkok condo market, property consultants Richmont’s Thailand and Jones Lang LaSalle (JLL) have introduced London properties priced from 15 million baht to attract Thai investors.

Courtyards, gardens, and terraces for seniors: Residences that integrate community life into the natural environment

Faced with the ageing of the global population, one of the most significant social transformations of the 21st century is anticipated. The design of patios, gardens, terraces, and other green areas in facilities for the elderly presents an opportunity to foster interaction, participation in various collective activities, and the establishment of gathering spaces to reduce loneliness among older adults while enhancing well-being and social interaction in connection with nature. How can built environments be created to adapt to the needs of older adults?

According to ArchDaily, reflecting on the living conditions demanded by older adults from the perspectives of architecture and design is accompanied by considerations of sustainability, materials, and accessibility requirements that contribute to the development of their activities and allow for dignified ageing.

Hotel management agreements in Asia Pacific now average 17 years – JLL

Hotel management agreements (HMAs) are increasing in duration and while management fees have decreased in the past five years, sales and marketing fees have increased across Asia Pacific.

The major findings of the Hotel Management Contract Survey 2024, commissioned and published jointly by JLL (NYSE: JLL) and Baker McKenzie, show that the initial term of HMAs increased by four years on average since 2005 to reach 17.4 years in 2024; however, regional operators generally have a shorter term and an appetite for more flexibility.

According to respondents, the length of HMAs does differ by market with Maldives and Japan at 26 and 23 years respectively, where there are a higher number of luxury hotel developments and owners prefer to lock in brands for longer.

Furthermore, practice in Australia is more tailored to shorter agreements with an average of 15 years as owners prefer shorter terms and unencumbered asset sales.

As cited by The Hotel Conversation, the 2024 Hotel Management Contract Survey represents the most comprehensive study of its kind in the Asia Pacific, comprising approximately 400 hotel management agreements (HMAs) analysed over the past 20 years.

Richmont’s, JLL tout UK opportunities to Thai investors

Property consultants Richmont’s Thailand and Jones Lang LaSalle (JLL) have introduced London properties priced from 15 million baht to attract Thai investors amid a quiet Bangkok condo market.

Tim Skevington, managing director of Richmont’s Thailand, said the price point of £350,000 (15 million baht) per unit in Greater London represents the introduction of a new segment to Thai buyers, who typically purchase properties priced at £1 million and above.

“This price offers a 45-square-metre unit, which is similar in size or even larger than many condo units in prime Bangkok areas such as Thong Lor,” he said in Bangkok Post. “But units in London tend to rent out faster and offer higher yields compared to those in Bangkok.”

The Property Report editors wrote this article. For more information, email: [email protected].