Exploring the factors influencing kaohsiung residents’ intentions to choose age-friendly housing

Abstract

Taiwan’s declining birthrate has changed the housing market, which should become more consumer-oriented in the future. In particular, age-friendly housing has become a salient housing choice among buyers. Age-friendly housing consists of housing units that are suitable for occupants of any age. There are three concepts underlying such housing: aging in place, multigenerational-multiunit living arrangements, and lifetime homes. This study aimed to examine the factors affecting consumers’ choice of age-friendly housing. The participants were residents of Kaohsiung City, and data analysis was performed using a binary logistic model. The empirical results indicated that adult sons/daughters, residents who currently live in the city center, residents who have a high or medium monthly family income, residents who are currently part of a stem family, residents who desire to live under multigenerational-multiunit living arrangements, residents who desire to be a part of a stem family, and residents who prioritize housing type when house-buying are significantly more likely to choose age-friendly housing. These results can serve as a reference regarding age-friendly housing investments for investors, as well as for house buyers who are deliberating between age-friendly housing and ordinary housing.