Featured | Ingenia

International innovation awards finalist

We’re excited to announce our over 55s lifestyle community, Ingenia Lifestyle Lara, has been nominated as a finalist in the 7th Asia Pacific Eldercare Innovation Awards.

The Facility of the Year – Ageing in Place finalist nomination positions Ingenia Lifestyle Lara amongst Asia Pacific’s best in independent seniors living and age-in-place communities with integrated care and services.

Now in its seventh year, the Asia Pacific Eldercare Innovation Awards applaud organisations for their innovative and quality approaches to changing the way our region’s older adults age.

Ingenia CEO, Simon Owen said it has been wonderful to be recognised for our contribution in shaping the future in the seniors living landscape.

“Ingenia Lifestyle’s unique and innovative land lease ownership model provides greater peace-of-mind to downsizers with a more simple and transparent seniors living housing model when compared to traditional retirement villages.

“Under the model, residents own their own home and lease the land, rather that purchasing the land upfront, which unlocks more capital from their old home to help fund their golden years,” Simon said.

The land lease model eliminates the need to pay stamp duty fees and with just one simple weekly site fee to pay residents avoid paying exit/DMF fees and do not pay a share in capital gains if or when it comes time to leave.

The popularity of the land lease model is recording a significant increase in sales and enquires with downsizers becoming attracted to the idea of owning a brand new home while upgrading their lifestyle within a resort-style community.

Along with these affordable lifestyle living strategies, Ingenia Lifestyle provides access to Be Active, a free social and lifestyle program and Ingenia Care, a free health and wellbeing service that identifies and supports our residents needs every step of the way.

“Ingenia Care and Be Active were introduced to enhance the lives of residents with monthly events, social engagements and health and wellness workshops so they can live a more independent, socially connected, healthy lifestyle,” Simon said.

Launched in 2013, the Asia Pacific Eldercare Innovation awards are driven by Ageing Asia to provide recognition to businesses that demonstrate innovation and operational and service models that change the way seniors age in Asian Pacific countries.

The award ceremony will be held in Singapore on 15 May 2019 as part of the Ageing Asia Innovation Forum, this year focusing on ‘Changing the future of ageing in Asia Pacific’, to showcase the world’s most innovative models that enable healthy ageing, independent ageing and dignified ageing.