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 2019) ¥1,060 million (S$13.1 million)1
Location Map Click here to view location map


  1. The property was valued by Enrix Co., Ltd using the Direct Capitalisation and Discounted Cash Flow Methods. Based on an exchange rate of S$1.00 to JPY 80.71.