Osei-Kyei, R; Narbaev, T; Atafo-Adabre, M; Chileshe, N and Ofori-Kuragu, J K (2023) Critical success criteria for retirement village public: private partnership housing. Construction Innovation, 23(5), pp. 1018-1037. ISSN 1471-4175
Abstract
Purpose: The demand for retirement villages globally has been increasing due to the rapid growth in the ageing population in recent years. To address the rising challenges in the retirement market, the public–private partnership (PPP) has become a feasible method to develop retirement villages. This paper aims to survey and examine the key success criteria (SC) for using the PPP approach in the retirement village sector. Design/methodology/approach: An empirical questionnaire survey was conducted with experts experienced in international PPP and retirement village. The analysis was conducted using one-way analysis of variance, mean score analysis, Kendall’s coefficient of concordance and factor analysis. Findings: Results indicate that out of the 16 recognized SC, the most significant ones are SC1: “Affordability”, SC11: “Reduced social isolation of residents” and SC14: “Improvement of emotional wellbeing of residents”. Furthermore, results from the factor analysis technique indicate that the 16 SC can be classified into five major factor groupings, and these include SCG1 – “Financial performance of project”; SCG2 – “Adherence to design and technical specifications”; SCG3 – “Adherence to local council/authority’s environmental health and socio-economic requirements”; SCG4 – “Social inclusion and risk management”; and SCG5 – “Advancement in emotional wellbeing and physical health of residents”. Originality/value: The study will sufficiently assist retirement village stakeholders, retirement village project participants and related government authorities of the best measures to put in place to maintain the sustainable development of the global retirement village market.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | aged care; ageing population; international survey; public–private partnership; retirement village; success criteria |
| Index terms: | partnership, environmental health, variance, social inclusion, ageing population, risk management, factor analysis, sustainable development, survey, success criteria, specification, international survey, affordability, housing, well-being, methodology, financial performance, questionnaire |
| Subjects: | business analysis, research methods, contractual condition, health safety and environment, partnership management, demography, measurement and scaling, sociology, assessment methods, statistical analysis, environmental health, construction type, risk assessment, data collection methods, mental health and wellbeing, research products and data, economic analysis |
| Topics: | Contract Administration, Urban Studies, Ethics, Risk Management, Stakeholder Management, Construction Technology, Sustainability, Business Strategy, Health and Safety, Research Practice, Project Management |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here