Retirement village buying intention

Abstract

Purpose The well-being of the elderly is a growing issue of concern for countries around the world. One way to enhance the elderly well-being is to provide housing options suitable to their needs and lifestyle. Retirement village is an accommodation concept foreign to the Malaysian population. Therefore, the purpose of this paper is to bridge this literature gap by analyzing factors that may inhibit or motivate the buying intention of a retirement village unit among the elderly in Malaysia. Design/methodology/approach Data were collected from 261 Malaysian elderly and analyzed using structural equation modeling PLS. Findings The results indicated that attitude, subjective norm, perceived behavioral control and social sustainability were significant predictors that explained elderly buying intention of retirement village. Originality/value The study also found a significant moderating role of religion in attitude–intention relationship. The paper concludes with the study’s implications, limitations and recommendations for future research.

Religiosity and Muslims’ intention to visit homestays: the mediating role of attitude

“…Firstly, the results of the study indicate that attitude has the strongest influence on Muslims' intention to visit homestays in Sabah. This finding supported earlier studies by Johan et al (2020), Farhat et al (2019), Bashir (2019), Memon et al (2019), Ng et al (2019), Patwary et al (2018), Suki & Salleh (2018), Elseidi (2017), Khan & Azam (2016), Amin et al (2011), Lada et al (2009), Lee & Moscardo (2005), Lam & Hsu (2004) and Chen (1998). In short, Muslims' attitude plays an important role in predicting their intention to visit homestays in Sabah.…”

“…Similarly, Amin et al (2011) also evidenced that attitude was positively affects the Malaysian bank customers' intention to apply for Qardhul Hassan Financing. Correspondingly, the study on a retirement village by Ng et al (2019) revealed the attitude significant prediction toward the elderly buying intention of a retirement village in Malaysia. In a different setting of studies, Patwary et al (2018) in their study on Islamic hotel also presented the same findings, in which attitude was found to have a significant influence on the Muslim's intention to purchase Islamic hotel services in Malaysia.…”

“…All items proposed to measure the factors in this empirical investigation were adapted from previously validated instruments and revised so that the focus was on the local Muslims' intention to visit homestays in Sabah. The construct of intention was measured with scales adapted from Lam & Hsu (2006), while the attitude of Muslims was measured using the scales from Ng et al (2019). Religiosity, on the other hand, was measured with scales adapted from Jana Masri & Priester (2007) and Kadri et al (2019).…”

Elderly Customers’ Open Innovation on Smart Retirement Village: What They Want and What Drive Their Intention to Relocate?

“…Table 1 presents the empirical evidence about the relationship of each of these three variables on the behavioural intention of the elderly as reported from previous research. The studies reported in Table 1 can be divided into three categories: (1) elderly intention towards the general behaviour [48][49][50][51][52][53]; (2) elderly intention to move to the RV or nursing homes [4][5][6][7]54,55]; and (3) elderly intention to use the smart home services or products [42,[56][57][58]. Studies that focused on the RV combined with smart home technology are still very much under-explored.…”

“…RV offers residents with independent living, fullday emergency assistance, and an age-friendly environment [3]. Past studies related to RV include the areas on the relocation, living experience, and environment [4][5][6][7]. Following the technological advancement, the property developers have been aggressively moving in the direction of transforming the existing RV to a smart retirement village (SRV) with the inclusion of Internet of Things, which depicts a world of networked smart devices, to distinguish its offering as well as to enhance life quality, promote independence, and encourage social interaction at the golden ages of the elderly.…”