As Indonesia faces the rapid growth of its elderly population, experts believe there is significant potential in the senior housing industry. While senior living facilities have been relatively underdeveloped in the country, the rise of an aging demographic, both locally and globally, presents a ripe opportunity for investors and developers alike.

According to the World Health Organization, the number of people aged 60 years and older will double from 1 billion in 2019 to 2.1 billion by 2050. In Indonesia, the elderly population is expected to grow dramatically, reaching 74 million by 2050, or approximately 25% of the total population. Currently, 29.7 million Indonesians, or 10.75% of the population, are aged 60 or older. Despite this, Indonesia's senior housing sector remains largely undeveloped, especially outside of the Greater Jakarta area.

Bali stands out as a prime location for the development of senior housing, with its reputation as a popular retirement destination for foreign nationals. With the right infrastructure and services, it could become a hub for international retirees. In addition, the increasing number of elderly Indonesians, combined with shifts in family culture and lifestyle, could spur further demand for senior living facilities, both domestically and for foreign investors.

Experts argue that now is the time to invest. Herman Kwik, chairman of the Indonesian Senior Living Association (ASLI), believes the senior housing sector will thrive in the next decade as awareness of commercial solutions grows. To further boost investment, the government must provide clearer regulations, streamline permit procedures, and offer tax incentives.

As Indonesia's aging population continues to grow, the country’s senior housing industry has the potential to drive both local and international investment. The rise of the "silver economy" encompassing goods and services tailored to the elderly, offers additional growth avenues, including geriatric clinics, long-term care, and caregiver services. This demographic shift will require significant investments in healthcare and senior-friendly facilities, offering lucrative opportunities for those who act early.