Community Living

GemLife on track to deliver 6,500 new homes by 2033: Thakral Corp

Mar 17 2025 Updated 20 hours ago

Ian Horswill

1 min read

The diversified company listed on the Singapore stock exchange, which owns part of the Puljich family’s land lease business, stated its investment segment saw higher revenue of $18.7 million (S$15.8 million) in FY2024.

The 16.3% higher year-on-year result was mainly due to GemLife, Thakral reported.

“The group’s over 50s lifestyle resorts venture saw strong demand and sales as it settled 355 homes in 2024 and attained 1,804 homes occupied,” said Thakral.

GemLife Director and CEO Adrian Puljich is a speaker at the sold out 2025 LEADERS SUMMIT starting today.

Breaking news: RLC not happy – and secures emergency meeting with federal aged care regulator tomorrow to discuss proposed retirement village liquidity requirements

In a first for the retirement village sector, Retirement Living Council (RLC) representatives will meet with the Federal Aged Care Quality and Safety Commission (ACQSC) tomorrow (Thursday 6 March) to urgently counsel them on the impact of proposed federal liquidity requirements on village operators that will potentially stunt the village business model.

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Lauren Broomham

05 Mar 2025

Sector Moves & People

BaptistCare announce leadership team for new entity after merger finalised

The successful completion of the merger between Baptcare(VIC, TAS, SA), Baptist Care SA and BaptistCare (NSW, ACT, WA) has been announced with the new entity to be known as BaptistCare. “This merger is about much more than pooling resources; it’s...

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Ian Horswill

07 Mar 2025

Opinion

Australian Unity Group CEO Rohan Mead calls out why all village operators need to focus on a new revenue business model

The Financial Review last Wednesday published an exclusive article based on Rohan Mead’s assertion that the Australian health system is about to be swamped. In simple language, currently we average 20,000 ageing Australians turning 80 each year...

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$93M tied up: proposed liquidity ratios a “handbrake” on aged care and village development

David Moran, CEO Southern Cross Care (SA, NT & Vic), says the proposed standards could add years to new developments.

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Lauren Broomham

13 Mar 2025

Residents want costs of retirement village operator’s Asset Management Plan being passed on to them stopped

Craig Bennett, President of the Retirement Village Residents Association, wants residents to have a greater say in the Asset Management Plan, disliked by both residents and village managers. In a submission to NSW Fair Trading on the proposed...

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Ian Horswill

20 hours ago

Sector Moves & People

Former Ingenia Communities executive Kate Melrose appointed Non Executive Director of community housing provider Evolve Housing

Kate was a lead in the growth of the ASX-listed Ingenia Communities for 10 years, almost solely as Executive & General Manager Project Sales. She spent the final 10 months in a part-time role as Principal Advisor Stakeholder Engagement and...

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Ian Horswill

21 hours ago

Topic - Aged Care

Sector Moves & People

Former Brightwater CEO Dr Penny Flett passes away aged 77

The trailblazing geriatric medical specialist had a remarkable career, including two decades at the helm of one of Western Australia’s largest aged care providers.

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Caroline Egan

13 Mar 2025