Asset Portfolio



Property description

More Habitation Akashi is a freehold 6-storey paid nursing home with care service consisting of 91 units.

Located in the waterfront area of Harima Sea, More Habitation Akashi enjoys a fine seaview. It is easily accessible by Sanyo Dentetsu line and within a short walk to Nakayagi station.

Key Statistics

Land Tenure Freehold
Land Area 5,891 sq m
Floor Area 6,562 sq m
Number of Units (Rooms) 91
Year of Completion 1987;
Conversion works were completed in 2003
Committed Occupancy 100%
Name of Lessee (s) Asset Co., Ltd
Appraised Value (as at 31 December 2021) ¥1,700 million (S$20.2 million)1
Location Map Click here to view location map

Note:

  1. The property was valued by Cushman & Wakefield using the Direct Capitalisation and Discounted Cash Flow Methods. Based on an exchange rate of S$1.00 to JPY 84.17.
  2. Formely known as Palmary Inn Akashi.