Retirement Residence

Apartments, Villas, Flats. No agencies.
Whit
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Re: Retirement Residence

Post by Whit » Tue Oct 22, 2019 3:19 pm

@Duncan
Sir Duncan, we are not interested in the "sexpat" crowd, there are plenty of horrible dives for them to slum about in, and I doubt if they are very sensitive to their environment, as they spend most of their time at establishments where the carpets are crunchy to walk upon. We expect discreet behaviour and payment for your guests breakfast, which can be paid later so it looks nice for your guest.
explorer
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Re: Retirement Residence

Post by explorer » Tue Oct 22, 2019 3:49 pm

Is it only open for long term residents, or can people go there for short holidays. I think being available for short stays would be beneficial, so you get more customers, and so people can check the place out if they are considering staying long term. Some may live somewhere else, and want to have holidays there from time to time.
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phuketrichard
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Re: Retirement Residence

Post by phuketrichard » Tue Oct 22, 2019 3:52 pm

Whit wrote:
Tue Oct 22, 2019 3:09 pm
Actually more like small studio, large studio, or huge studio, no kitchen, you have room service, there are items always available outside the set meals served daily, you can always get a snack. There is a fridge and drink preparation area. Furnishing is by designer, and homelike, plants, various textiles, carpets, and such, interior and exterior furnishings are good.It is a private hotel, so you can comfortably use the whole area and all facitities,and still feel at home, the public cannot wander in.
IF i were you I'd make some units up with small Kitchens, many people, including retired people, enjoy cooking and eating their own meals. It wouldn't need be a full on kitchen but a double burner stove, microwave, toaster over, cabinets, sink, plates, dishes, etc etc

Also as duncan mentioned, most retirees in Cambodia ( thailand as well) are guys and /or couples, few single women, so even old guys want females companionship sometimes..ur seriously going charge for a simple breakfast ( $5) for his overnight guest??

"...still feel at home"... with a bunch of old guys only?? not my cupa tea

Expand ur mind to include options for all..
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angkorjohn2
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Re: Retirement Residence

Post by angkorjohn2 » Tue Oct 22, 2019 3:58 pm

phuketrichard wrote:
Tue Oct 22, 2019 3:52 pm
Whit wrote:
Tue Oct 22, 2019 3:09 pm
Actually more like small studio, large studio, or huge studio, no kitchen, you have room service, there are items always available outside the set meals served daily, you can always get a snack. There is a fridge and drink preparation area. Furnishing is by designer, and homelike, plants, various textiles, carpets, and such, interior and exterior furnishings are good.It is a private hotel, so you can comfortably use the whole area and all facitities,and still feel at home, the public cannot wander in.
IF i were you I'd make some units up with small Kitchens, many people, including retired people, enjoy cooking and eating their own meals. It wouldn't need be a full on kitchen but a double burner stove, microwave, toaster over, cabinets, sink, plates, dishes, etc etc

Also as duncan mentioned, most retirees in Cambodia ( thailand as well) are guys and /or couples, few single women, so even old guys want females companionship sometimes..ur seriously going charge for a simple breakfast ( $5) for his overnight guest??

"...still feel at home"... with a bunch of old guys only?? not my cupa tea

Expand ur mind to include options for all..
If people wanted that then they would not rent a place here and would no doubt just rent a normal apartment. This is an option that may suit many people and as there isn't currently something like this, I daresay and untapped market. There are plenty of guesthouses for holidays and short term, plenty of properties for rent with cooking facilities (and a lack of these reduces any accidental fires I am sure).

Good on you Whit, I think it seems a great idea for the right people, ignore the armchair business brains. it sounds like you have got it all worked out, no need to be all things to all men, you have a niche and are selling it as such, for those it is not appropriate there are other options :thumb:
iluvu
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Re: Retirement Residence

Post by iluvu » Tue Oct 22, 2019 4:13 pm

I agree with angkorjohn. You’re basically charging 25-30 a night for a decent room, food, utilities, maintenance, cleaning, and basic medical care. Tack on a small fee for laundry and it sounds like everything’s taken care of.
explorer
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Re: Retirement Residence

Post by explorer » Tue Oct 22, 2019 4:31 pm

Whit wrote:
Tue Oct 22, 2019 2:29 pm
Cost $698 and $998 depending on the room, which is 4 star plus, with a seperate very exclusive property going for $2800 for large suites with gourmet chef and valet etc, which is 5 star plus
I think the price is going to exclude a lot of people.

You need to think what you need to do to get enough people to make the place financially viable. What will attract people to your place?

Are you promoting it in Canada?

How many rooms are there?
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clutchcargo
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Re: Retirement Residence

Post by clutchcargo » Tue Oct 22, 2019 4:39 pm

Yes, I think a private hotel with a community feel along the lines of member Timmydownawell's description of 'Best Exotic Marigold Hotel' to my mind sets it apart. I was thinking too that medical could/would be important for long term stayers and apart from the basic medical stated (I suppose that needs to be defined) that having reliable referrals and contacts for further care would be another factor that would appeal to potential residents.
Anthony's Weiner
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Re: Retirement Residence

Post by Anthony's Weiner » Tue Oct 22, 2019 4:45 pm

explorer wrote:
Tue Oct 22, 2019 4:31 pm
Whit wrote:
Tue Oct 22, 2019 2:29 pm
Cost $698 and $998 depending on the room, which is 4 star plus, with a seperate very exclusive property going for $2800 for large suites with gourmet chef and valet etc, which is 5 star plus
I think the price is going to exclude a lot of people.

You need to think what you need to do to get enough people to make the place financially viable. What will attract people to your place?

Are you promoting it in Canada?

How many rooms are there?
Nursing home costs Australia
The Government has set the maximum daily fee amount at 85 percent of the annual single basic Age Pension. So for example, as at 20 March 2019 the single basic Age Pension is $843.60 per fortnight. 85 percent of this is $717.06 per fortnight or $51.21 per day as the maximum daily fee.

Across Canada, prices for retirement communities range from $1,500 to $6,500. According to CMHC 2012 report on senior housing costs in Canada, Ontario has the highest average rent at $2,699, while Quebec recorded the lowest average at $1,410.Feb 21, 2013

Genworth's Cost of Care Survey reveals that in the United States, a private room in a nursing home costs an average of $8,121 a month. For a semi-private room, the average cost is $7,148 a month. Various factors impact how much a nursing home stay costs including location, size, length of stay and services offered.

The cost of assisted living in the UK nationally averages $132 per day, $4,000 per month and $48,000 annually. With the average annual costs of nursing home care being between $89,297 – $100,375 it appears that assisted living typically averages about half of the cost of assisted living options.

I think you are priced well and have a product that will be well received. There will always be someone who wants the Raffles experience but is only willing to pay hostel prices. You can t please everyone and some people are never pleased. At prices of 1/2 to 1/4 of the cost for the same care in Canad, I can t imagine anyone wanting to be shut in at -30c if they are healthy enough to travel and still have a twinkle in their eye. Good Luck
willyhilly
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Re: Retirement Residence

Post by willyhilly » Tue Oct 22, 2019 5:01 pm

It is a god idea. A few years ago it was said that Australians were looking at doing old peoples homes in Bali but nothing came of it. The EU has old people living in old peoples homes in warmer climes I believe. I think there are more than 20 of them.
You would not want to be in one in Australia, very expensive, terrible food, not enough staff etc etc. The allowance for meals is $6 a day or something. A member of parliament gets $182!
The Australian single pension is about $1200 a month US so the prices for this place are reasonable. But the sort of people attracted to Cambodia are drug smoking drunks who like taxi girls so the place would end up looking like the Walkabou....
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Duncan
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Re: Retirement Residence

Post by Duncan » Tue Oct 22, 2019 5:04 pm

Anthony's Weiner wrote:
Tue Oct 22, 2019 4:45 pm
explorer wrote:
Tue Oct 22, 2019 4:31 pm
Whit wrote:
Tue Oct 22, 2019 2:29 pm
Cost $698 and $998 depending on the room, which is 4 star plus, with a seperate very exclusive property going for $2800 for large suites with gourmet chef and valet etc, which is 5 star plus
I think the price is going to exclude a lot of people.

You need to think what you need to do to get enough people to make the place financially viable. What will attract people to your place?

Are you promoting it in Canada?

How many rooms are there?
Nursing home costs Australia
The Government has set the maximum daily fee amount at 85 percent of the annual single basic Age Pension. So for example, as at 20 March 2019 the single basic Age Pension is $843.60 per fortnight. 85 percent of this is $717.06 per fortnight or $51.21 per day as the maximum daily fee.

Across Canada, prices for retirement communities range from $1,500 to $6,500. According to CMHC 2012 report on senior housing costs in Canada, Ontario has the highest average rent at $2,699, while Quebec recorded the lowest average at $1,410.Feb 21, 2013

Genworth's Cost of Care Survey reveals that in the United States, a private room in a nursing home costs an average of $8,121 a month. For a semi-private room, the average cost is $7,148 a month. Various factors impact how much a nursing home stay costs including location, size, length of stay and services offered.

The cost of assisted living in the UK nationally averages $132 per day, $4,000 per month and $48,000 annually. With the average annual costs of nursing home care being between $89,297 – $100,375 it appears that assisted living typically averages about half of the cost of assisted living options.

I think you are priced well and have a product that will be well received. There will always be someone who wants the Raffles experience but is only willing to pay hostel prices. You can t please everyone and some people are never pleased. At prices of 1/2 to 1/4 of the cost for the same care in Canad, I can t imagine anyone wanting to be shut in at -30c if they are healthy enough to travel and still have a twinkle in their eye. Good Luck



I note that you are quoting in A $ ,, then are quoting in USA $ ,,, then quoting in UK ????
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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