Retirement homes no longer a concept

Australian firm hopes to be trendsetter in industry with huge growth potential

Australian retirement property management company Independent Management Group wants to be the prime mover and flag bearer of what it believes is an industry with huge potential in China.

"It is a nascent sector with lots of promise. Retirement property development is yet to start officially in China, though some projects are underway," said Susan Malone, executive director of IMG China and managing director of IMG Australia.