Exploring the intention to reside in retirement village among gen z in Malaysia

Teo, Yi Qi (2026) Exploring the intention to reside in retirement village among gen z in Malaysia. Final Year Project, UTAR.

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Abstract

Malaysia is moving towards an ageing population, creating a growing need to rethink retirement living options. While retirement villages are common in developed countries, they are still relatively new in Malaysia, especially among younger generations. This study explores what influences Generation Z’s intention to live in retirement villages in the future. Five key factors were examined: communicability, retirement planning, social sustainability, economic sustainability, and environmental sustainability. Grounded in the Theory of Planned Behaviour (TPB), a quantitative research approach was employed using a structured questionnaire distributed to respondents aged 18 to 28. This study contributes to the literature by shifting the focus from current elderly populations to future retirees, highlighting Generation Z’s evolving preferences toward retirement lifestyles. Practically, the findings provide valuable insights for property developers, policymakers, and service providers in designing affordable, socially engaging, and market-relevant retirement communities. The study also underscores the importance of digital influence and financial preparedness in shaping future retirement decisions in Malaysia. Keywords: Retirement Village, Retired, Retirement, Malaysia, Generation Z

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