Local News

Regional Companies Investing in Homes for the Aged

Kyushu Electric Power, Saibu Gas, Nishitetsu Railroad and other local big businesses are increasing their involvement in the business of operating homes for the aged. Many are employing their unused land holdings to build facilities and reap profits from the aging of society. Facilities that also provide long-term care assistance usually require initial payments ranging from several hundred thousand yen to several million yen, but some companies are opening luxurious facilities that cost more than 100 million yen to enter. One example is the Saibu Gas facility in Fukuoka City near the Fukuoka Yahoo Dome, which has 122 units on 24 floors with Italian-made furniture and a natural hot spring. The entry fee is a minimum of 30 million yen, but two units costing more than 100 million yen are occupied.

Published: May 8, 2008 / Last Updated: May 8, 2008

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