Seniors Housing in a Changing Asian Society: South Korea

Karen M. Gibler () and Euehun Lee ()
Additional contact information
Karen M. Gibler: Department of Real Estate, Georgia State University, Atlanta, GA 30302- 4020, USA, http://www.gsu.edu/
Euehun Lee: College of Business Administration, Sejong University, Koonja-dong Kwangjin-Gu, Seoul, South Korea 143-747, http://www.sejong.ac.kr/

International Real Estate Review, 2001, vol. 4, issue 1, 118-134

Abstract: Traditionally, aging Koreans would live with their eldest son’s family. However, urbanization, economic expansion, and changing demographics are contributing to South Koreans considering alternative living arrangements. One possibility is the development of seniors housing, available only on a very limited basis today. This analysis indicates that a number of aging Koreans are interested in independent living, and many will soon have the economic resources to create demand for this type of housing. However, government policies would have to change for this product type to be developed successfully on a large scale.

Keywords: Seniors housing; Korea; consumer behavior; housing policy (search for similar items in EconPapers)
JEL-codes: L85 (search for similar items in EconPapers)
Date: 2001
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