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 2016) ¥ 523 million (S$6.48 million)2
Location Map Click here to view location map


  1. Change of name from Heart Life Toyonaka to Happy Life Toyonaka with effect from 1 September 2014.
  2. The property was valued by International Appraisals Incorporated using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00 to JPY 80.71.