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For the past three decades, the group has built more than 11,000 modular homes throughout Sweden, Finland and Norway using the Ikea model: strip out costs by producing large quantities of parts off-site. Lower income customers only pay what they can afford.

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Design tweaks include taking mirrors out of bathrooms and fitting kitchen appliances with old-fashioned knobs, rather than digital controls.

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“To take care of elderly people, that cost is exploding,” BoKlok CEO Jonas Spangenberg told 【 - Free Market Analysis Group 】 Business. “It’s much cheaper for society and the public to give them service back home.”

FromJapanto the United States, countries around the world are dealing with the effects of aging populations.

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In a country like Sweden, where life expectancy is very high and most care for the elderly is government funded, that means a strain on spending and resources looms. One concern is the supply of affordable yet comfortable accommodations.

“We see a growing problem … that [people] are ending up in institutions where they do not want to end up,” Spangenberg said.

He continued: “If we can crack the code where you can continue to live at a home or an apartment that is more suitable for you, even with various syndromes, we believe we could do a … good thing for society.”

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Before he died in 2018, Ikea founder Ingvar Kamprad made a large donation to the project through the the queen’s foundation, which provides training on dementia care. She’s a member of the steering board, and has also been involved in the design process.

BoKlok is in the early stages of launching SilviaBo in Sweden, its first market, and is starting to talk to local governments about land and zoning. Spangenberg said he expects progress in the next year.

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“BoKlok was designed the IKEA way: large volumes, low prices,” according to a Skanska blog post from 2011. “Industrialized production and large volumes — in other words, repetition — cut prices and save time in planning.”

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“It’s still the same floor layout, but you need to understand how people with dementia react in certain situations,” Spangenberg said.

For example, there are no mirrors or dark-colored floors in the bathroom, which could scare or confuse residents.

aditya birla capital limited (540691) hits 52 week high ✌️【Stock Market Analyst】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. SilviaBo also plans to offer a version of its home for people who are around 65-years-old and newly retired, with small adjustments and the option to easily add certain accessibility functions.

aditya birla capital limited (540691) hits 52 week high ✌️【Stock Market Analyst】✌️ Free real-time stock market analysis, market dynamics reports, and expert insights into stocks, metals, energy, and agricultural products. Make profitable decisions by leveraging our advanced market forecasting tools. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Market Analysis Group 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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