CareDoc, a senior total care corporations, said its senior housing operator CareOperation will step up as the key partner to oversee the entrusted operation of the country's last for-sale silver town.
CareDoc said on the 7th it will sign a memorandum of understanding (MOU) under which CareOperation will participate as the prospective overall entrusted operator of Siwon and the senior welfare housing "Nampangyo The Hill."
Nampangyo The Hill is the last for-sale silver town that Siwon will build in Yongin. It is currently the last for-sale silver town to be supplied under domestic law. The project received permits before the 2015 revision of the Welfare of Senior Citizens Act and, after going through related procedures and consultations with the local community, is preparing to break ground this year.
Nampangyo The Hill is planned on a site of 184,176 square meters, with eight basement levels to 15 above-ground floors, totaling 892 units.
A mix of for-sale and rental types will be offered in a range of sizes from about 59 square meters to about 99 square meters of exclusive use. Ancillary facilities such as neighborhood living facilities, welfare facilities, and community spaces are also planned. Sales to residents will begin in late May.
CareOperation said it was selected as the prospective overall entrusted operator in recognition of its deep understanding and expertise in senior housing operations, operational stability, and capabilities in designing integrated operating systems. CareOperation plans to begin collaboration from the initial planning stage of the project as soon as the final formal entrusted operation contract is completed next month.
As a senior housing specialist operator, CareOperation has integrated execution capabilities that cover the entire process from designing service processes to stable management after move-in.
By operating various senior facilities such as CareDoc CareHome, it has built capabilities to activate cultural and sports communities for vibrant senior leisure and to run specialized programs. Last year, it also joined a Seoul City public tender private investment project as a consortium and was selected as an operating partner for the Gaehwasan Station silver town.
CareOperation is planning an operating system centered on three main areas: housing management, welfare and daily living support, and health and medical support. Based on its accumulated senior health and care operation expertise, it will focus on improving both the convenience and stability of daily life for residents of Nampangyo The Hill across culture, sports, health, and community programs.
The plan is to implement CareOperation's specialized senior housing operation model that goes beyond a simple residential space to systematically and stably support residents' daily lives.
In health management, emergency response, guardian communications, and workforce management, it is devising detailed management standards that reflect the characteristics of the senior life cycle. It plans to respond in a multifaceted way to diverse resident needs, from routine daily living support to areas requiring expertise. CareOperation will work with partners in facility management and food service and beverage to systematically prepare services needed for actual operations after move-in.
Park Jae-byeong, CEO of CareDoc, said, "What determines the success or failure of a for-sale silver town ultimately depends on operational capacity that ensures sustainability and high-quality services," adding, "Based on CareOperation's know-how in operating senior facilities, we will implement a stable and responsible operating system tailored to the characteristics of a complex that combines for-sale and rental types."