Exploring the Factors Influencing Kaohsiung Residents’ Intentions to Choose Age-Friendly Housing

Kun-Kuang Wu, Chun-Chang Lee, Chih-Min Liang, Wen-Chih Yeh and Zheng Yu
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Kun-Kuang Wu: Department of Real Estate Management, National Pingtung University, Pingtung 90004, Taiwan
Chun-Chang Lee: Department of Real Estate Management, National Pingtung University, Pingtung 90004, Taiwan
Chih-Min Liang: Department of Public Finance and Tax Administration, National Taipei Univeristy of Business, Taipei City 10478, Taiwan
Wen-Chih Yeh: Department of Real Estate Management, HungKuo Delin University of Technology, New Taipei City 23654, Taiwan
Zheng Yu: Department of Real Estate Management, National Pingtung University, Pingtung 90004, Taiwan

IJERPH, 2020, vol. 17, issue 21, 1-21

Abstract: Taiwan’s declining birthrate has changed the housing market, which should become more consumer-oriented in the future. In particular, age-friendly housing has become a salient housing choice among buyers. Age-friendly housing consists of housing units that are suitable for occupants of any age. There are three concepts underlying such housing: aging in place, multigenerational-multiunit living arrangements, and lifetime homes. This study aimed to examine the factors affecting consumers’ choice of age-friendly housing. The participants were residents of Kaohsiung City, and data analysis was performed using a binary logistic model. The empirical results indicated that adult sons/daughters, residents who currently live in the city center, residents who have a high or medium monthly family income, residents who are currently part of a stem family, residents who desire to live under multigenerational-multiunit living arrangements, residents who desire to be a part of a stem family, and residents who prioritize housing type when house-buying are significantly more likely to choose age-friendly housing. These results can serve as a reference regarding age-friendly housing investments for investors, as well as for house buyers who are deliberating between age-friendly housing and ordinary housing.

Keywords: aging in place; multigenerational-multiunit living arrangements; lifetime homes; age-friendly housing; logit model (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2020
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