The majority of the one and two-bedroom homes for people aged over 55 - including all the dementia flats - will be for affordable rent.
BBC: Newton Abbot 'extra care' homes for dementia sufferers
Although new home sales may have shown a small overall drop in February, builders expect the building of new homes for the nation's middle-aged and retired population to expand strongly.
BBC: Why the US housing market is still booming
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