Category Archives: News & Event

EcoWorld, Aged Care Group & Kaohsiung Medical University Hospital firms things up with Cooperation Agreement signing

Kaohsiung: Eco World Development Group Berhad (EcoWorld Malaysia) and Aged Care Group (ACG) proceeded to the next stage of the cross-border collaboration with Kaohsiung Medical University Hospital (KMUH) of Taiwan with the signing of two separate Cooperation Agreement to provide training courses in Malaysia involving community activities, community care and care management.

The signing follows the MOU signing which took place in Malaysia earlier in February that will see KMUH sharing knowledge and experience in healthcare & wellness service. The collaboration will involve teaching, research, talent cultivation and talent exchange between both countries.

EcoWorld will be able to leverage on KMUH’s expertise in the health & wellness perspective. KMUH’s expertise ranges from health & wellness related training to instilling health & wellness awareness amongst the community to even providing medical related advice to those in need.

President & CEO of EcoWorld Malaysia Dato’ Chang Khim Wah said: “We are thrilled that KMUH is aligned with us on our journey in building holistically sustainable community in Eco Sanctuary, Malaysia and our partnership will certainly be beneficial for us and we look forward to learning from the group about health & wellness.

This is just the start of a great journey together as we look to expand these services to our other projects in the three main regions in Malaysia – Klang Valley, Penang and Iskandar Malaysia. We look forward to mutual benefit for this cooperation agreement and to future collaborations with KMUH.”

Malaysia is the second southeast Asian country after Vietnam to collaborate with the Kaohsiung Group. Its state-of-the-art medical system is being used in three hospitals and one medical university in Taiwan. They are Kaohsiung Medical University Chung-Ho Memorial Hospital, Kaohsiung Municipal Ta-Tung Hospital, Kaohsiung Municipal Siaogang Hospital and Kaohsiung Medical University.

As Malaysia prepares itself to be an ageing nation where more than 10% of its population will be 60 years and older by 2020, thought has to be given to grapple with the problems and challenges that will arise. Most common and high on the list is deteriorating health, special care and lack of proper shelter.

Recognising these challenges, EcoWorld Malaysia has also worked closely with Aged Care Group (ACG) to create a holistic living environment encompassing an integrated health & wellness concept focussing on “health & wellness” in its Eco Sanctuary township. The Eco Sanctuary Care Hub was established in September last year with services provided by ACG.

This is also in line with the Group’s focus to bring their Signature Townships up another level to drive further value creation. Under the aegis of a new programme named “Life@EcoWorld”, various new elements have been introduced to heighten the desirability and liveability of every EcoWorld development. This includes the creation of digitally enabled communities using 4th industrial revolution solutions as well as the introduction of Integrated Wellness & Care components that meet the needs and lifestyle aspirations of our customers at every stage of their lives.

Chang added “At EcoWorld, community building is an important aspect of our business and forms one of the pillars in our mission of Being a Caring and Responsible Organisation which actively contributes back to Society.

As we hand over more of our properties, our focus is now on building our communities and about offering a well-rounded lifestyle living in EcoWorld’s properties. Hence under our programme of Life@EcoWorld, we are introducing various new elements into our projects to heighten the desirability and liveability of our developments.”
The Life@EcoWorld pilot project kicked off in The Parque Residences – Eco Sanctuary’s luxury high rise where the Care Hub offers 24/7 nurse-on-call services as well as a care manager to attend to any care services requests.

The establishment of Co-Wellness in Sanctuary Mall also followed suit in December 2018 to offer the wider community health & wellness supports which are similar to what Care Hub offers.

The idea for this stemmed from the term ageing-in-place – defined as the ability to live in one’s own home and community safely, independently, and comfortably, regardless of age, income, or ability level.

Catering to people of all walks of life, The Parque Residences at Eco Sanctuary also offers unique “ageing in place” features that include:

  • A Care Hub with 24/7 nurse station and monthly doctor consultation
  • A home providing accessibility with furnished features at easily reachable heights
  • Furnished with friendly design and safety support like bathroom with handrails, even-level floor and non-slip tiles
  • Complimentary shuttle services within the township, including a shopping mall which comes with a wellness theme
  • Individualised concierge and hospitality services like housekeeping and meals delivery
  • Personalised health and wellness services like medical escort, physiotherapy, blood pressure and sugar level monitoring

Services provided are based on the Circles of 5 Enriched Living Programme which comprises five key components – Physical, Mental, Emotional, Social and Financial. Residents can engage in the many recreational activities that surround the five components which also acts as a platform for the community to gather and socialise.

Apart from Care Hub at Eco Sanctuary, another initiative by the Group is the Life Space at Eco Sanctuary and Eco Ardence. Life Space is a platform created to accelerate community building efforts in the township with activities organised for the elderly and the community as a whole as a means of promoting a holistic lifestyle.


About Eco World Development Group Berhad (EcoWorld Malaysia)

EcoWorld Malaysia is a public listed Malaysian company involved mainly in property development. The Group is led by some of the most well-known and respected players in the property industry.

It has secured approximately 8,126.4 acres of land bank with a total gross development value (GDV) of RM87.5 billion. Currently, EcoWorld Malaysia has a presence in the Klang Valley, Iskandar Malaysia and Penang with 20 projects in total comprising a product range that includes affordable, upgrader and luxury homes, integrated high-rise developments and green business parks.

Through Eco World International Berhad (EcoWorld International), the brand has also extended its reach to the United Kingdom and Australia.

EcoWorld Malaysia is honoured to be one of the Top 10 Developers at The Edge Malaysia Property Excellence Awards in 2016, 2017 & 2018 and also proud to be named ‘Best of the Best Employers – Malaysia’ in AON’s Best Employer Studies in 2016 & 2017.

Care Hub

A modern sanctuary for all generations

The Parque Residences is the first condo project in Malaysia to offer a dedicated care and wellness service

 

ENCHANTING and mesmerising would generally be the first impressions you have upon visiting Eco Sanctuary.

A white gazebo is the first structure that greets you as you enter this modern township, located south of Kota Kemuning in Selangor. Along with a meandering stream and lush greenery, Eco Sanctuary attracts people of all generations.

Spanning 308 acres, this resort-style haven aims to offer a holistic living environment focusing on health and wellness for all.

Two phases of landed properties were launched in 2015 and have been completed. Since then, more than 1,000 residential and commercial units have been handed over.

Monterey, which is fully sold, comprises 353 bungalows and semi-detached houses while Terraza features 358 superlink houses. The homes are spacious with double-volume ceilings and come with en suite bathrooms in all the rooms upstairs.

Scheduled to be completed by the end of this year is Grandezza, Eco Sanctuary’s lowest density and final landed phase. Comprising 100 bungalows and 160 semi-detached houses, the phase has seen a high take-up rate.

 

Care Hub

UNIQUE VALUE ENHANCEMENTS

“The 24,500-sq ft clubhouse in Grandezza features stylish cube-inspired architecture. In the vicinity are sculptured trees, an exclusively designed roundabout with water features and a dramatic entrance statement,” shares EcoWorld divisional general manager Ho Kwee Hong.

She adds that each pocket of development within Eco Sanctuary will have its own clubhouse — exclusively for the residents’ use. Standard facilities include a swimming pool, gymnasium, steam rooms and entertainment rooms.

Additional amenities include Sanctuary Mall, a neighbourhood shopping centre with a net lettable area of about 100,000 sq ft. With a soft opening last December, the mall already has an occupancy rate of 70% with various F&B and service outlets operating.

Ho says a tenancy agreement is being finalised with a grocer, which is expected to start operations in the middle of this year.

“Sanctuary Mall caters to the daily needs of the surrounding community. However, it also includes a unique concept where health and wellness services are an attraction,” says Ho.

“Daily necessities can be conveniently obtained at the mall as its tenant mix is diverse … ranging from grocers and restaurants to home and living decoration and children’s clothing & accessories retailers.”

Last month, EcoWorld unveiled a tree house at the mall, and Ho says it is becoming a landmark in the area. The design of the tree house mimics the oldest species of the pine tree, which is about 5,000 years old.

 

UPPING THE ANTE IN INNOVATIVE DESIGN

Coming up next at the RM8 billion township is a 10-acre residential development called Artezza.

Slated to be launched in two months’ time, Artezza comprises 164 units to be built based on 41 modules designed for multigenerational living. Apart from landed-like living, residents will also enjoy a resort experience.

According to Ho, a typical unit looks like a bungalow but houses four units over four floors. The first two floors comprise two 2-storey link houses with built-ups of 2,500 sq ft while the third and fourth floors will be penthouses with built-ups of 3,000 to 3,100 sq ft.

“This one-of-a-kind development caters for multigeneration families who want to live together, but not in the same house,” she says. The selling price starts at RM1.5 million for the 2-storey link houses and RM1.7 million for the penthouses.

 

DRIVING FURTHER VALUE CREATION

As EcoWorld begins to handover more properties, various new elements have been introduced to heighten the desirability and liveability of every EcoWorld development. This includes the creation of digitally enabled communities using Fourth Industrial Revolution solutions as well as the introduction of Integrated Wellness & Care components that meet the needs and lifestyle aspirations of our customers at every stage of their lives.

Under the aegis of a new programme named “Life @ EcoWorld”, the pilot project kicked off in The Parque Residences – Eco Sanctuary’s luxury mid-rise where a Care Hub offers 24/7 nurse-on-call services as well as a care manager to attend to any care service requests.

The Parque Residences, with 594 units, sits on a 27-acre parcel boasting 11 acres of lush green space that includes a 60,000-sq ft clubhouse where the Care Hub is located.

A concept pioneered by Eco Sanctuary, it is operated by Aged Care Group Sdn Bhd (ACG).

 

Care Hub

 

Aged Care Group CEO Dr Carol Yip says Eco Sanctuary Care Hub is aimed at managing the health and wellness of the residents. “It is like a [personal] butler who focuses on care.”

The hub offers services that help overcome challenges faced by working adults who have elderly parents or young children living with them.

The maintenance fee at about 30 sen psf, includes a once-a-month free consultation for a resident of each unit at the care hub by a doctor whilst a nurse will be available 24/7 to handle any emergencies.

“This is an ‘ageing in place’ concept, whereby residents can go to the hub for their care and wellness needs. Alternatively, the care manager can visit them at home,” says Yip.

“Working adults will have peace of mind knowing that there is someone at the hub to look out for their elderly parents,” adds Ho.

Yip says the care manager can also provide advice and guidance on eating and living healthily.

Additional care services are offered for a fee. For example, if an elderly resident needs an escort to go the hospital for a check-up, arrangements can be made with the care hub for someone to accompany him or her. And if a child is required to stay at home because of a medical condition, working parents can arrange for a caregiver to take care of him or her during the day.

“The care hub will have a relaxing atmosphere so that people won’t feel like they are in a care facility,” says Yip.

“It is an environment we have created to enable the residents to get familiar with others, especially the elderly. The care hub also organises activities such as urban farming and cooking sessions,” says Ho.

The Eco Sanctuary Care Hub caters specifically for the residents of The Parque Residences and eventually Artezza.

The surrounding community is not left out, with Sanctuary Mall’s Craft Co Wellness and Life Space, which are open to the public. Craft Co Wellness, also operated by ACG, is similar to the care hub with additional specialised services such as chiropractic and physiotherapy.

Meanwhile, Life Space is a community activity space for people of all ages offering various kinds of classes, including painting, yoga and music, for a fee of RM250 per month.

“For example, patients with back problems may go to Craft Co Wellness for physiotherapy,” says Yip. “But this would be only for a short period of time. They will need to continue to do something to strengthen their back. So, they have the option of signing up for yoga at Life Space.”

Taking its commitment further, EcoWorld signed memorandums of understanding with ACG and Kaohsiung Medical University Hospital (KMUH) of Taiwan last month. The MoUs will see KMUH sharing knowledge and experience on healthcare and wellness services.

EcoWorld will be able to leverage KMUH’s expertise in the health and wellness perspective while ACG will gain knowledge in its caregiving part. KMUH’s expertise ranges from health and wellness related training to instilling health and wellness awareness among the community to even providing medical -related advice to those in need.

 

YOUR DREAM HOME WITHIN REACH

The opportunity to own a piece of Eco Sanctuary is within easy reach with EcoWorld’s current home ownership campaign called HOPE (Home Ownership Programme with EcoWorld).

This campaign, which is until June, offers two packages — Help2Own (H2O) and Stay2Own (S2O).

The two home ownership mechanisms available under HOPE cater to different market segments and provide a truly comprehensive, practical and effective solution to the current challenge of home ownership in Malaysia. It is also EcoWorld’s way of supporting the national agenda on home ownership.

It offers a great opportunity not only to first-time house buyers but also upgraders looking to own a choice EcoWorld home.

H2O is a package which helps purchasers bridge the gap between their loan amount and down payment for the property while S2O is in partnership with Maybank HouzKEY.

“S2O has been specially designed to help our customers attain their home ownership dream by starting off simply as a lessee with Maybank. Through the unique rental conversion feature we have built into S2O, we are able to help them start building wealth even before they buy their first home,” Ho explains.

H2O is available for The Parque Residences and Artezza while S2O is only available for The Parque Residences.

So, don’t miss this chance to be a proud owner of an EcoWorld home at Eco Sanctuary.

PDF File

 

Source: theedgemarkets.com, 25th March 2019

KMU

Developer’s quest for better living

(Back row) Chang (seventh from left), Dr Ming-Feng (eighth from left) and Choo (fourth from left) with representatives from all three organisations during the MoU signing.

 

By Brenda Ch’ng

 

IT WAS a momentous occasion for Eco World Development Group Bhd as they move a step closer to creating a holistic living environment within its development.

Also known as Life@EcoWorld, the group aims to introduce “ageing in place”, a concept which meets the needs and lifestyle aspirations for homeowners at every stage of their lives.

To mark this occasion, two memoranda of understanding (MoUs) were signed between EcoWorld and Aged Care Group (ACG) with Kaohsiung Medical University Hospital (KMUH) of Taiwan.

This collaboration between the three parties will see a sharing of knowledge, teaching, research and talent exchange between the two countries.

He added that EcoWorld was an expert in providing life spaces and they had experts from ACG and KMUH to help fill in the gaps, starting with one of their projects, The Parque Residences – Eco Sanctuary’s luxury high-rise.

A pilot project last year, this high-rise has a Care Hub, which offers round-the-clock nurse on-call services and a care manager to attend to any request.

Following suit was the establishment of Co-Wellness in Eco Sanctuary Mall, which offers a wider community health and wellness support.

Other unique “ageing in place” trademarks at Eco Sanctuary include houses with accessibility features with built-in bathroom handrails, non-slip tiles and even-level floors.

There is also a complimentary shuttle service offered within the township, individualised concierge and hospitality services like housekeeping and meal deliveries as well as personalised health and wellness services like medical escort and physiotherapy.

To make all this possible, ACG helps create the holistic living while KMUH shares its expertise and knowledge on what can be done or improved.

“We are thrilled to have KMUH visiting us and working with us on creating an integrated health and wellness lifestyle and we look forward towards a long-term relationship of our teams learning from one another,” he said.

Also there was ACG managing director Datuk Frank Choo who said options for aged care in the country are quite limited at the moment and is glad this partnership is happening.

“This marks the beginning of a very meaningful relationship which will bring a good exchange of knowledge from KMUH to have better facilities to cater to the mental and emotional needs for all ages,” Choo said.

He added that there would be over four million people aged 65 years old and above in Malaysia by 2040 and there was a pressing need to start building facilities to cater to this age group.

“Instead of segregating, we should integrate them into the community and this is exactly what EcoWorld is doing now,” he said.

“Malaysia is the second country in South-East Asia after Vietnam to collaborate with the Kaohsiung Group, which has been around for more than 60 years and specialises in healthcare and long-term care.

“We are delighted with this collaboration between ACG and Eco World and look forward to a beneficial partnership which involves an exchange of knowledge between the two countries,” said KMUH superintendent managing director Dr Ming-Feng Hou.

 

Source: Star Metro Wednesday, 27 Feb 2019

KMUH

EcoWorld, Aged Care Group & Kaohsiung Medical University Hospital sign MOUs for cross-border collaboration

21 February 2019

Shah Alam: Eco World Development Group Berhad (EcoWorld) and Aged Care Group (ACG) signed two separate Memorandum of Understanding (MOU) with Kaohsiung Medical University Hospital (KMUH) of Taiwan that will see KMUH sharing knowledge and experience in health & wellness service. The collaboration includes teaching, research, talent cultivation and talent exchange between both countries.

As Malaysia prepares itself to be an ageing nation where more than 10% of its population will be 60 years and older by 2020, thought has to be given to grapple with the problems and challenges that will arise. Most common and high on the list is deteriorating health, special care and lack of proper shelter.

 

(From left) Dato’ Frank Choo, Dato’ Chang Khim Wah, Dr. Ming-Feng Hou, Dr Yan-Xu, Chen, Dr Cheng-Yu Long signs MOUs

 

Recognising these challenges, EcoWorld worked closely with ACG to create a holistic living environment encompassing an integrated health & wellness concept focussing on “health & wellness” in its Eco Sanctuary township. The Eco Sanctuary Care Hub was established in September last year with services provided by ACG.

This is also in line with the Group’s focus to bring their Signature Townships up another level to drive further value creation. Under the aegis of a new programme named “Life@EcoWorld”, various new elements have been introduced to heighten the desirability and liveability of every EcoWorld development. This includes the creation of digitally enabled communities using 4th industrial revolution solutions as well as the introduction of Integrated Wellness & Care components that meet the needs and lifestyle aspirations of our customers at every stage of their lives.

The Life@EcoWorld pilot project kicked off in The Parque Residences – Eco Sanctuary’s luxury high rise where the Care Hub offers 24/7 nurse-on-call services as well as a care manager to attend to any care services requests.

The establishment of Co-Wellness in Eco Sanctuary Mall also followed suit in December 2018 to offer the wider community health & wellness supports which are similar to what Care Hub offers.

The idea for this stemmed from the term ageing-in-place – defined as the ability to live in one’s own home and community safely, independently, and comfortably, regardless of age, income, or ability level.

Catering to people of all walks of life, The Parque Residences at Eco Sanctuary also offers unique “ageing-in-place” features that include:

  • A Care Hub with 24/7 nurse station and monthly doctor consultation
  • A home providing accessibility with furnished features at easily reachable heights
  • Furnished with friendly design and safety support like bathroom with handrails, even-level floor and non-slip tiles
  • Complimentary shuttle services within the township, including a shopping mall which comes with a wellness theme
  • Individualised concierge and hospitality services like housekeeping and meals delivery
  • Personalised health and wellness services like medical escort, physiotherapy, blood pressure and sugar level monitoring

Services provided are based on the Circles of 5 Enriched Living Programme which comprises five key components – Physical, Mental, Emotional, Social and Financial. Residents can engage in the many recreational activities that surround the five components which also acts as a platform for the community to gather and socialise.

Apart from Care Hub at Eco Sanctuary, another initiative by the Group is the Life Space at Sanctuary Mall, Eco Sanctuary. Life Space is a platform created to accelerate community building efforts in the township with activities organised for the elderly and the community as a whole as a means of promoting a holistic lifestyle.

The MOUs with KMUH is another milestone for EcoWorld and ACG, reaffirming the companies’ commitment to create awareness on aged care and raising the standards of health & wellness in communities.

EcoWorld will be able to leverage on KMUH’s expertise in the health & wellness perspective whilst ACG will gain knowledge in its caregiving part. KMUH’s expertise ranges from health & wellness related training to instilling health & wellness awareness amongst the community to even providing medical related advice to those in need.

President & CEO of EcoWorld Dato’ Chang Khim Wah said: “We are always raising the bar when it comes to creating value in our developments and the setting up of a Care Hub in Parque Residences was a first for an EcoWorld development. As we kickstart the Life@EcoWorld programme, we are thrilled to be able to collaborate with KMUH to raise the bar further in offering a more comprehensive health & wellness service in a holistic environment like Eco Sanctuary.”

Dato’ Frank Choo, Managing Director of ACG said: “It has been a vision realised for ACG to be able to integrate the concept of “medical & health” in a multi-generational community like Eco Sanctuary where the elderly can enjoy healthcare services without leaving their homes, their children or their living environment.

Dr Ming-Feng Hou, MD, Superintendent of KMUH said: “We are delighted with this collaboration between ACG and EcoWorld and look forward to a beneficial partnership of exchange of knowledge between two countries.”

Malaysia is the second southeast Asian country after Vietnam to collaborate with the Kaohsiung Group. Its state-of-the-art medical system is being used in three hospitals and one medical university in Taiwan. They are Kaohsiung Medical University Chung-Ho Memorial Hospital, Kaohsiung Municipal Ta-Tung Hospital, Kaohsiung Municipal Siaogang Hospital and Kaohsiung Medical University.

A 15-strong medical team from Taiwan consisting of senior medical experts are currently on tour in Malaysia. They are led by Superintendent of Kaohsiung Medical University Hospital Dr. Ming-Feng Hou and Superintendent of Kaohsiung Municipal Ta-Tung Hospital Dr Yan-Xu, Chen.

 


 

About Eco World Development Group Berhad (EcoWorld Malaysia)

EcoWorld Malaysia is a public listed Malaysian company involved mainly in property development. The Group is led by some of the most well-known and respected players in the property industry.

It has secured approximately 8,126.4 acres of land bank with a total gross development value (GDV) of RM87.5 billion. Currently, EcoWorld Malaysia has a presence in the Klang Valley, Iskandar Malaysia and Penang with 20 projects in total comprising a product range that includes affordable, upgrader and luxury homes, integrated high-rise developments and green business parks.

Through Eco World International Berhad (EcoWorld International), the brand has also extended its reach to the United Kingdom and Australia.

EcoWorld Malaysia is honoured to be one of the Top 10 Developers at The Edge Malaysia Property Excellence Awards in 2016, 2017 & 2018 and also proud to be named ‘Best of the Best Employers – Malaysia’ in AON’s Best Employer Studies in 2016 & 2017.

 

About Aged Care Group

Aged Care Group is the market leader in Malaysia’s aged care industry. Our purpose is to create a sustainable aged care ecosystem, offering an integrated framework of action that supports and incorporates every aspect of continuum care – ranging from skilled healthcare professionals and equipment suppliers, to financial services.

Adapting a multi-disciplinary approach, we engage various sectors and multiple stakeholders to draw effective ways in measuring the functionality of the elderly population.

As advocates of aged care, we promote action that will affect and drive the growth of the aged care industry and communicate knowledge of current trends on the Malaysian ageing landscape.

 


 

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KMUH

Advance Care Planning

Advance Care Planning
Conversations about Your Future Self on Care Management & Finance

Kuala Lumpur, October 2018

The ACP Conversationalist is an initiative to call Malaysians to have a voice beyond incapacitation. ACG Concept is organising “Advance Care Planning: Conversations about your future self on Care Management & Finance” on Saturday 17th November 2018, from 8.15am to 1.15pm, at EcoWorld International.

The aim of this event is to create awareness about ACP and how to have conversations that matter. The programme will highlight the necessity of ACP and how it will support individuals at any age or stage of health in understanding and sharing their personal values, life goals, and preferences regarding their future. ACP looks into areas such as medical & healthcare, finance, lifestyle and family as well as the importance of planning for their future care now.

The event showcases a line- up of experts in their field such as Datin Jacqueline WM Wong, Honorary Secretary & Executive Committee Alzheimer’s Disease Foundation Malaysia (ADFM), Mr. Azhar Hew Abdullah, Deputy CEO of Rockwills Trustee Berhad, Mr Bryan Zeng, CEO of FA Advisory, followed by Linnet Lee, CEO of Financial Planning Association Malaysia(FPAM) and ACG Care Sdn Bhd’s Nurse Manager, Paramjit Kaur, to facilitate commentaries on areas of Health & Care Management as well as Financial & Estate Planning.

The unexpected and what-ifs can happen at any stage of life. Having conversations regarding what ACP is with your loved ones, making clear what matters to you and planning ahead for it would help ease the burden and struggles of your loved ones and family when making difficult decisions on your behalf.

To all Malaysians, this ACP Conversationalist is a call to action about making informed decisions today for a better future.

For further information log on to: http://www.agedcare.com.my/acg-concept/

Media Tour

Experiencing Living in CRAFT Home

A Resort-Setting Environment with Premium Lifestyle:
A Cross-Sectoral Collaboration between Aged Care Group & EcoWorld

 

Kuala Lumpur, 25 September 2018: Aged Care Group (ACG) actively advocates and promotes premium lifestyle for the seniors and “Ageing-in-place” through continuum care. ACG today organised a visit for the media to visit CRAFT Home, and discover the vitality in immersive living. CRAFT Home is the first project built, designed with both age-friendly hardware and software components for ageing-in-place in Malaysia.

Ageing-in-place has been implemented in various developed countries globally. It is a concept where community-based facilities and resources are used and deployed to care for the seniors or those in need, so that they live and age within the comfort of their own home. Ageing-in-place enables the seniors to have access to holistic consultation on their health and wellness, and long-term care. They can also continue living in an environment they have acclimatised to, and enjoy having a close-knit family within the same community. A familiar living environment helps to instil a good sense of belonging and build positive interaction with the community.

Media TourACG and Eco World Development Group Berhad have collaborated to build the inaugural CRAFT Home, the accommodation semi-furnished with age-friendly designs. These CRAFT Homes, which have a variety of facilities for a premium lifestyle, is located at The Parque Residences, Eco Sanctuary; a township in a serene and rejuvenating environment with beautiful landscape, 12-acre of spacious green and nature.

In terms of its planning and design, CRAFT Home also advocates and promotes ‘Multi-Generational Living’ as it is built in an environment conducive for various age groups. One of the greatest advantages of CRAFT Home is on early planning; it allows the seniors to make their very own decision relating to the desired lifestyle and ageing matters. Early planning allows a change for the better; from satisfying the “needs” to an ‘option” to move, for the seniors and their family to improve the quality of life and live more happily.

Media Tour

Inevitably, these facilities or hardware components enable the residents to live in an environment similar to a 5-star hotel, whilst CRAFT Lifestyle Services are exclusive and personalised services managed by ACG. This is for the families, and particularly the seniors to enjoy comprehensive care and services, including on health and wellness. This includes a care hub with 24/7 nurse station and monthly doctor consultation, which provides an integrated wellness and care ecosystem for the seniors and their family, and they need not go to multiple locations for the required care services. With medical consultation and services provided by a professional healthcare team within the community, this is important and provides convenience to the seniors.

The conventional hospital admission for treatments applies mainly for physiological health purpose; whilst rehabilitation requires not just medical and nursing care, family’s companionship and concern is vital too. Ageing-in-place enables the seniors to receive more thorough and personalised care that aid in the recovery process. This also enhances the communication between the seniors and their family. Within an environment where the seniors are able to constantly feel the warmth of their own family, they can enjoy better mental and emotional health. This will also generate savings on valuable resources on areas including medical, human and financial over a long-term. This conforms to the ACG’s DNA for healthy ageing; that is to provide our seniors the Circles of 5 which ensure they receive care from a holistic aspect, including on physical, mental, emotional, social and financial.

These Circles of 5 complement the ageing-in-place and premium lifestyle concepts promoted by ACG, of which the seniors can age within the comfort of their own home. Living in the community of Eco Sanctuary, this premium lifestyle is supported by services provided by a professional care and wellness team. Interaction and community living are imperative to enhance the quality of senior living, therefore various activities that are good for their physical and mental health will be organised within the neighbourhood. In addition to health, wellness and care services, as well as the provision of age-friendly accommodation, CRAFT Lifestyle Services also provide a variety of customised services, including concierge & hospitality services such as catering & meal delivery, housekeeping & home repairs and celebrations planning; as well as finance and legal services like financial planning for aged care, CareTRUST™ for long-term care and will writing. Apart from enhancing the quality of life, these software components aim to cultivate the spirits of self-help, decision making ability and community support amongst the seniors. This will help our seniors to plan their own daily life more effectively, so that they will live happier and more meaningfully.

This premium lifestyle begins from living in CRAFT Home, the age-friendly accommodation equipped with the necessary hardware and software components for ageing-in-place, and surrounded by a premium and resort-setting environment.

Book an appointment with our CRAFT Consultant and let’s discover the premium of vitality in immersive living.

Aged Care

Aged Care: Better Late Than Never

The interview with Dr. Carol Yip, CEO of Aged Care Group, was first published on BFM Radio Station on 19 April 2018.

 

 

In the next three years, one in 10 Malaysians will be aged 60 and above.

By 2040, the ratio is projected to be one in five Malaysians, and the country would have already reached ageing nation status.

In light of these facts we take a look at the ‘aged care’ industry in Malaysia and the cost involved in growing old and taking care of oneself.

Presented by: Brian Fernandez, Tan Chung Han

ACG collaborates with RTI International

Aged Care Group & RTI International Work Towards Better Standards For Aged Care Practices In Malaysia

Kuala Lumpur, 22nd March 2018: In a joint initiative to enhance best practices and standards for the aged care industry in Malaysia, Aged Care Group (ACG) and RTI International signed a Memorandum of Understanding on Thursday, 22nd March 2018, officialising the collaboration.

In light of the recent Private Aged Healthcare Facilities and Services Bill passed on 29th November 2017, the collaboration will see RTI International drawing from its 60 years of global experience to provide strategic and technical input on better standards in aged care practices.

RTI is a global independent, research and advisory institute dedicated to improving the human condition and turning knowledge into practice with more than 5,000 staff working in over 80 countries worldwide. RTI has technical domain expertise in more than 250 scientific, economic, technical, and professional disciplines. RTI Malaysia focuses in two practice areas – Innovation Ecosystems and Healthcare Delivery.

Alongside RTI International, ACG will be the private sector collaborator in the endeavour to elevate Malaysia’s aged care industry to international standards.

Spearheading the collaboration’s activities are Shafenaz Farouk – Managing Director of RTI Malaysia, Dr. Chua Hong Teck – Senior Advisor at RTI Malaysia, and Professor Zhanlian Feng – senior research analyst in RTI International’s Aging, Disability, and Long-Term Care programme, together with ACG’s Chief Executive Officer, Dr. Carol Yip.

In view of the collaboration’s objectives, the respective parties are looking forward to working with business stakeholders, regulators, ministries and other international bodies to develop new standards in aged care for the benefit of all Malaysians.

Market Bulls

Market Bulls Still Charging

KUALA LUMPUR: Market bulls are expected to continue their charge, with the rising US inflation rate just a “tiny bear” that does not pose a big risk to the global markets as yet. Amidst all these, there are investment opportunities available, said speakers at the inaugural Eastspring Public Symposium 2018 titled “Crouching Bears, Charging Bulls” in Kuala Lumpur last Saturday.

Robert Rountree, global strategist at Eastspring Investment (Singapore) Ltd kicked off the forum with his session “Crouching Bears, Charging Bulls: Market Drivers in 2018”, saying that the rising US inflation rate does not pose a big risk yet because commodity prices remain relatively low and the US job market, while in full employment, might not see a strong rise in consumer spending and inflation moving forward.

“Many of these jobs created are for aged 65-years-old and above. The salary for these jobs are low and the people of this age group do not spend a lot. It’s [inflation risk] just a ‘tiny bear’.”

He said the global economy continues to expand while company earnings are on the rise.

“This is supported by ample market liquidity as central banks globally are still injecting money into the market, even though they are raising rates and tightening monetary policies,” he said.

Rountree pointed out that market mispricing presents investment opportunities for investors to bargain hunt. These opportunities exist within the Asian ex-Japan equity market.

Within the region, he said the infrastructure, healthcare and consumer goods sector are undervalued at the moment.

He also added that the China A-shares and Hong Kong H-shares are relatively cheap while the US and European equities are overpriced.

Ooi Boon Peng, chief investment officer of Eastspring Investments (Singapore) Ltd in charge of fixed income, in his session “Rising yields, rising income: 2018 fixed income outlook” also said that US inflation is expected to remain benign as wage growth is unlikely to see a sharp rise.

He said the majority of jobs created for the older age group is comparable to the situation in Japan, where it has an unemployment rate of below 2.5% and a wage growth of less than 0.5%.

In addition, Ooi said that the more widespread adoption of internet and technology and the emergence of new ones (such as blockchain, artificial intelligence and robotics) are other factors that cause the US inflation rate to remain low.

At the same time, Ooi said capital expenditure and consumer sentiments in many countries are on the rise, which shows that the global economy continues to recover.

He said opportunities for fixed income remain in the emerging markets (EM), where markets are volatile but provide good yields. “We are tactically overweight on Latin America, generally positive on Brazil’s local bonds. In Asia, we have been bullish on Indonesia and India’s fixed income performance. India is our main overweight due to the reforms that the country is currently undertaking.”

He added that India’s government has taken a lot of steps to become a more formal economy. These steps include demonetisation to curb black money, introducing the goods and services tax and financial inclusion programmes.

Chen Fan Fai, Eastspring Investment Bhd chief investment officer for retail and institutional business took the stage for the third session, titled “Diversification benefits of absolute return strategies”. He said investors who want to reduce volatility in their overall investment portfolio could allocate part of their money in absolute return funds.

Chen said these funds utilised different investment strategies and derivative products to reduce volatility in achieving targeted returns. These funds are also less correlated with market indexes as compared to most of the existing unit trust funds in the market.

“More than half of all unit trust funds have a correlation with the market of greater than 75%, whereas half of all absolute return strategies [funds] have a correlation with the market of less than 25%. It provides investors with diversification.”

Chen said while there are not many absolute return funds locally, he expected to see more being offered in the market if there is investor demand.

During the panel discussion where one of the topics was whether local investors have enough choices available in unit trust investments as compared to others in the region, Wong Weiyi, general manager of Fundsupermart Malaysia, said there are over 400 unit trust funds available in Malaysia.

“In comparison, Singapore has about 1,200 products while Hong Kong has about 1,800,” he said.

However, Wong said the local fixed deposit rates ranged from 3% to 4%, which is much higher than those in Singapore of about 1%. The higher rates would make fixed deposits a relatively ideal place for investors to park some of their money, while placing the rest of their money into existing unit trust funds in the market.

He said this is unlike Singapore, where investors would need a wider variety of unit trust funds to structure their investment portfolios to chase for higher returns. “As such, 400 over products should be able to cater to local demand. Nevertheless, there will be more products coming into the market in the future.”

On planning for retirement, Carol Yip, CEO of Aged-Care Group Sdn Bhd, said investors who are planning to stay in an aged care home should be disciplined in taking profits and set aside some cash for the future.

She said the amount of money one needed for an aged care home for five years is about RM250,000 at the current market price. Taking into account the effect of inflation, it could go up to RM500,000. “If you were to stay in a hotel-style aged-care facility, it’s easily a million. Set aside money for that. You need cash,” she said.

 


 

Source: The Edge

This article first appeared in The Edge Financial Daily on 12 March 2018.

PHOTO by Shahrin Yahya: (From left) BFM business radio station producer and presenter Melisa Idris moderating in the inaugural Eastspring Public Symposium discussion involving Yip, Ooi, Rountree, Wong and Chen in Kuala Lumpur.

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