Asset Portfolio

Property description

Happy Life Toyonaka1 is a freehold 4-storey paid nursing home consisting of 42 units.

Well nestled in conducive residential area in the vicinity, the Property is approximately 15mins walk from Hankyu-Kobe line “Sonoda” Station.

Key Statistics

Land Tenure Freehold
Land Area 628 sq m
Floor Area 1,254 sq m
Number of Units (Rooms) 42
Year of Completion 2007
Conversion works were completed in 2009
Committed Occupancy 100%
Name of Lessee (s) K.K. Nihon Kaigo Iryo Center
Appraised Value (as at 31 December 2017) ¥ 534 million (S$6.34 million)2
Location Map Click here to view location map


  1. Formerly known as Heart Life Toyonaka.
  2. 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.