There are multiple levels to specialised care and there are also residents who require specialised assistance so , over and above finding the right location , the primary consideration is the financial feasibility of providing these services and appointing a coterie of professional service providers .
There are primarily two funding options available with the most typical being that developers use their own cash flows and normal gearing from banks to fund their developments . However , they could also approach traditional retirement fund payouts to secure a life right purchase with a batch of clients who are withdrawing from their retirement fund structures in a similar time frame .”
Out of all the ownership models , Life Rights is the fastest growing scheme on the South African retirement landscape and it has also created a secondary market . With waiting lists at some establishments now as long as eight years , the fact that the developer buys the unit back
according to the contract , means that it can be resold at the current higher price and it also puts the property back on the market to meet demand .
“ As Sol Kerzner once said , if you provide the service they will come , however , despite the growing gap between demand and supply , this sector has changed dramatically in recent years and developers need to be cognisant of current trends and buyer ’ s expectations and needs .
Brent Townes Commercial Property Chief Operating Officer Lew Geffen Sotheby ’ s International Realty
SA Real Estate Investor Magazine OCT 2022 185