Elderly condominium attributes that enhance resident satisfaction and word of mouth: evidence from Thailand

Kanokwan Pimchan and Chonlatis Darawong

International Journal of Housing Markets and Analysis, 2022, vol. 17, issue 3, 750-768

Abstract: Purpose - This study aims to examine the influence of condominium attributes on resident satisfaction and word of mouth from the perspectives of the elderly in Thailand. Design/methodology/approach - Data were collected from 338 elderly residents through a questionnaire survey and analysed by using descriptive statistics and structural equation modelling procedures. Findings - The results showed that the strongest predictor of resident satisfaction was design functionality, followed by social environment, safety and security and service quality. In addition, the strongest predictor of word of mouth was safety and security, followed by design functionality, proximity, service quality and social environment. Research limitations/implications - The data were drawn at the level of the overall characteristics of elderly residents. People may be different in terms of their demographic characters such as gender, age, and user experience. Practical implications - The study suggests that condominium developers and designers should pay attention to design functionality both physically and mentally such as suitable materials, lighting and common areas. Moreover, the developers should focus on the proximity of the nearest hospitals, safety and security measures, well-trained security personnel and social activity arrangement. Originality/value - Elderly condominium markets are increasingly growing as a result of the ageing society in Thailand. However, very few empirical studies investigate condominium attributes that affect resident satisfaction and word of mouth provided by real estate developers. The paper aims to determine driving factors that enhance the better well-being of elderly residents.

Keywords: Elderly condominium; Resident satisfaction; Word of mouth; Thailand (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijhmap:ijhma-09-2022-0137

DOI: 10.1108/IJHMA-09-2022-0137

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