Taiwan Financial, Hua Nan Bank Team Up for Elder Care Property Solutions

Taiwan Financial Asset Management Company is forging ahead with its strategy to integrate diverse financial services, this time partnering with Hua Nan Bank. This collaboration, the fourth with a major state-owned bank, underscores Taiwan Financial's commitment to building a robust network for cross-industry cooperation. The focus is on leveraging the strengths of both entities in property leasing and management, and trust services to offer a holistic approach to elder care.

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integrated comprehensive elder care trust has become the mainstream in the current market.

As Taiwan officially enters a super-aged society, with over 20% of the population aged 65 and above, the demand for comprehensive elder care solutions like "housing for retirement" trusts is escalating. Taiwan Financial Asset Management Company's Chairman, Kung Wen-ping, emphasized that integrating real estate management into these trusts, where rental income can fund elder care expenses, directly addresses the current societal needs. This initiative allows seniors to maintain ownership of their properties while ensuring a stable income stream for their care, balancing financial autonomy with necessary support.

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By integrating cross-industry resources through elder care trusts, such as incorporating real estate management, the rental income from real estate can be used as elder care expenses, balancing both daily care and financial autonomy needs, which meets current societal needs.

Hua Nan Bank, recognized for its strong performance in elder care trusts and its extensive base of elderly clients, is a natural partner. By combining Taiwan Financial's expertise in property and rental management with the bank's trust services, the partnership aims to create a seamless experience for clients. This one-stop service model will allow individuals seeking elder care trusts to simultaneously access property management solutions, ensuring their assets are well-managed and generate consistent income for their retirement needs. This proactive approach by Taiwan Financial and Hua Nan Bank highlights a forward-thinking response to demographic shifts and evolving financial planning requirements in Taiwan.

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Taiwan's population aged 65 and above has officially entered a super-aged society, accounting for 20.06% of the total population by the end of 2025, especially in the greater Taipei area, which accounts for about 25%. Elder care trusts are therefore very necessary.