Asset Portfolio

Property description

Palmary Inn Akashi is a freehold 6-storey paid nursing home with care service consisting of 96 units.

Located in the waterfront area of Harima Sea, Palmary Inn Akashi enjoys a fine seaview. It is easily accessible by Sanyo Dentetsu line and within a short walk to Nakayagi station.

Key Statistics

Land Tenure Freehold
Land Area 5,891 sq m
Floor Area 6,562 sq m
Number of Units (Rooms) 96
Year of Completion 1987;
Conversion works were completed in 2003
Committed Occupancy 100%
Name of Lessee (s) Asset Co., Ltd
Appraised Value (as at 31 December 2017) ¥1,740 million (S$20.65 million)1
Location Map Click here to view location map


  1. The property was valued by K.K Halifax using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00 to JPY 84.25.