Community Living

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

Mar 17 2025 Updated 17 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.

Click here

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...

Click here

Ian Horswill

07 Mar 2025

Opinion

Is this the canary in the coal mine for retirement village operators? The future when care crosses independent living

On 18 February, the Aged Care Quality and Safety Commission quietly released an ‘Exposure Draft’ for the Aged Care Financial and Prudential Standards 2025. In it the Federal Government crossed the line into retirement villages. See the wording...

Click here

Chris Baynes

04 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...

Click here

Chris Baynes

10 Mar 2025

Village operators relying on external Home Care take note: 105 days to new regs

Home Care is about to change significantly. You should know one reason but you are unlikely to know the second. Home Care changes to a new system titled Support at Home (S@H) on 1 July, just 105 days from now, or 71 working days. A lot of the...

Click here

$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.

Click here

Home care reforms may drive older Australians away from essential services: Chris Mamarelis, Whiddon CEO’s ‘political wishlist’

Recent funding reforms to Australia’s aged care system go some way towards progress, but key issues remain unresolved, says Chris Mamarelis, CEO of Not For Profit provider Whiddon.

Click here

Caroline Egan

13 Mar 2025

Opinion

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

Click here

Chris Baynes

10 Mar 2025