CARSON CITY, NV--(Marketwire - February 25, 2011) - TimeShare Holdings, Inc. (
The Senior Healthy Living Center, to be located in Caishi Town in the Licheng District of Shandong, will be a 270,000 square meter (66 acre) pastoral complex comprised of high-end, senior-friendly apartments accommodating up to 5,000 people. Clustered with the senior housing will be an array of auxiliary facilities ensuring joyful and convenient living, including a restaurant, hotel, supermarket, senior art college and recreation/tourism center, a hospital/medical center specializing in geriatrics, family suites, a kindergarten center to assist with grandchildren and a home care/domestic services center.
Senior services, including the medical facilities and services, will serve a wide range of senior needs from "young seniors" living independently or with their adult children, to those requiring assisted care, or those requiring 24-hour or terminal care. Healthcare standards will be established by the National Nursing Program endorsed by the Ministry of Civil Affairs.
The most recent projects completed by Shandong Taishan Real Estate Co., Ltd. include:
1. Panlongshanshui Ecologic Residential Community: 200 villas for the elderly; 80,000 square meters.
2. Qinglong Garden Residential Community: 40,000 square meters, completely sold and operational.
3. Taishan Office Building: 28 floors, 45,000 square meters; 90% occupancy.
Like other countries, China's aging population is rising rapidly and the Chinese government is mobilizing to immediately bolster growth in the senior services industry. Current providers are unable to meet the quality, quantity and range of needs for even today's population. China's senior population today stands at 11% of the total population and is expected to rise to 17% by the year 2020 and over 30% by the year 2050. In Jinan City today, the senior population already exceeds 15%. And the nursing home bed shortage alone leaves a gap of more than 40,000 elderly people without elderly care facilities. Because of the current unmet demands of this population, the occupancy level of the Senior Healthy Living Center is expected to be high.
"We are delighted that our first venture in China is working with the Taishan Real Estate Company on such a noble project. The needs for the senior population are serious and immediate and we are proud of the vision that they and others have to create such a beautiful and functional complex," says Paul Thompson, Vice President of Investor Relations for TimeShare Holdings.
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Contact Information:
General Inquiries:
John V. Evans
Board of Directors Member, Administrative Partner & Senior Consultant
Email: panzer@delfi.lv
Paul Thompson
Vice President, Investor Relations
TimeShare Holdings, Inc. - USA
investorrelations@tmshglobal.com
On the web at: www.tmshglobal.com