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China’s Luxury Retirement Homes Draw Millions From Investors Jul 19 2021, 10:03 AM July 19 2021, 2:30 AM July 19 2021, 10:03 AM (Bloomberg) Retiree William Tang recently decided to swap his life in downtown Shanghai for a luxury elder-care development in the city’s far west, paying $220,000 to rent a two-bedroom apartment for 15 years. (Bloomberg) Retiree William Tang recently decided to swap his life in downtown Shanghai for a luxury elder-care development in the city’s far west, paying $220,000 to rent a two-bedroom apartment for 15 years. “It is more like a resort,” Tang said after viewing the Ardor Gardens showroom, which highlights amenities including an indoor swimming pool, yoga rooms, wine tastings and round-the-clock care.

Yangtze riverChina generalUnited statesNew south walesWilliam tangDing huiStanley chingShanghai senior service industry associationTemasek holdings pteQianzhan industry research instituteChina life insurance coLendlease corp ltdFortress investment groupArdor gardensChina president dingColumbia pacific management