Asset Portfolio



Property description

Palmary Inn Suma is a freehold 5/6 storey paid nursing home with care service consisting of 59 units.

Located in the coastal district in the south of Suma-ku, Palmary Inn Suma is easy accessible by Sanyo Dentetsu line and within a short walk from Sumadera station.

Key Statistics

Land Tenure Freehold
Land Area 2,676 sq m
Floor Area 4,539 sq m
Number of Units (Rooms) 59
Year of Completion 1989
Committed Occupancy 100%
Name of Lessee (s) Asset Co., Ltd
Appraised Value (as at 31 December 2016) ¥1,030 million (S$12.76 million)1
Location Map Click here to view location map

Note:

  1. The property was valued by Colliers International using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00 to JPY 80.71.