Asset Portfolio

Property description

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

Located in the waterfront area of Harima Sea, Palmary Inn 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 2020) ¥1,830 million (S$23.4 million)1
Location Map Click here to view location map


  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 78.06.