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TOKYO -- Indonesian property developer Jababeka plans to construct 100 sprawling "senior towns" across the country, with a particular focus on retirees from Japan.

The company will enlist the help of business partners such as Japan's Longlife Holding, a provider of nursing care services.

Since last September, Jababeka has been operating a residential area dubbed "Senior Living @ D'Khayangan" in cooperation with Longlife Holding in Bekasi, West Java. Ultimately, as many as 400 residents will occupy apartments and villas in the community.

Jababeka's new plan envisions senior towns that have hospitals, educational facilities and other infrastructure in addition to housing.

The towns will be located mainly in West Java, President Setyono Djuandi Darmono told The Nikkei. The first is being built on a 1,500-hectare site in the Tanjung Lesung resort area. In addition to villas and apartments, there will be a hotel, golf course, marina and commercial facilities. There will also be a highway and an airport. Darmono said that $140 million has been invested already and that the entire development project will cost $500 million more.

Indonesia issues a retirement visa for foreigners 55 or older that is valid for a year and can be extended five times. But Darmono said he is talking with the government about the possibility of a long-term residential visa.

(Nikkei)

Source: asia.nikkei.com

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