Asset Portfolio

Property description

Senior Chonaikai Makuhari Kan is a freehold 5-storey paid nursing home with care service consisting of 108 units.

Located along the JR Sobu line in Hanamigawa-ku, Senior Chonaikai Makuhari Kan is within a short walk from Makuhari station and is near to Chiba Kensei Hospital and Makuhari Clinic.

Key Statistics

Land Tenure Freehold
Land Area 2,853 sq m
Floor Area 4,361 sq m
Number of Units (Rooms) 1082
Year of Completion 1992;
Conversion works were completed in 2004
Committed Occupancy 100%
Name of Lessee (s) Riei Co., Ltd
Appraised Value (as at 31 December 2017) ¥1,790 million (S$21.25 million)1
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  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.
  2. As at 31 Mar 2009, the total number of units increased from 107 to 108.