Asset Portfolio

Property description

Maison des Centenaire Ishizugawa is a freehold 5-storey paid nursing home with care service consisting of 52 units.

Easily accessible by Nankai Wakayama Line, Maison des Centenaire Ishizugawa is located within a short walk to “Ishizugawa” Station. Well nestled in a conducive residential area, the property is also located near to Kusuhara Hospital.

Key Statistics

Land Tenure Freehold
Land Area 1,111 sq m
Floor Area 2,129 sq m
Number of Units (Rooms) 52
Year of Completion 1988
Conversion works were completed in 2003
Committed Occupancy 100%
Name of Lessee (s) Miyako Kenkokai Medical Corporation
Appraised Value (as at 31 December 2017) ¥ 937 million (S$11.12 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.