The Securitization Of Old-age Real Estate

This dissertation firstly analyzes the research background of thesecuritization of elderly housing that an increasing ageing society leads tohuge demand of elder caring services and insufficient of traditional eldercaring modes, which makes commercial elder caring modes to be a mustsolution in the development. The demands of elderly housing further release,together with the average GDP reached to USD5500, the complete of socialinsurance system and wider acceptance of independent living of elder people.Secondly, the funding problems of elderly housing are identified via thestudy and analysis to the current funding modes and funding channels ofelderly housing in China. However, since the elderly housing industry is inthe starting period and lacks any applicable profit model, the traditionalfunding mode cannot match the funding requirements of elderly housing.Furthermore, the analysis and case studies to the funding model of elderlyhousing in developed countries, such as USA, suggestions on thesecuritization of elderly housing in China is given. Also on the basis of thissuggestion, the necessity, feasibility and hinders of securitization of elderlyhousing in China are studied.Lastly, through all the theoretical analysis and case studies on the elderlyhousing projects, the conclusion of the securitization of elderly housing in China to be feasible is expressed in the dissertation. This conclusion is basedon the findings that forming of macro and micro-foundation of securitizationof real estate, maturing of the main participators and the applicability of allthe basic procedures in current elderly housing projects.