Asset Portfolio



Property description

Blue Rise Nopporo is a freehold, 5-storey nursing home, consisting of 70 units.

It is strategically located in the residential neighbourhood of Ebetsu City, Hokkaido Prefecture. The Property is accessible from Nopporo Station and approximately 20 min train ride from Sapporo Station.

Key Statistics

Land Tenure Freehold
Land Area 1,920.83 sq m
Floor Area 2,663.48 sq m
Number of Nursing Home Units (Rooms) 70
Year of Completion 2007
Committed Occupancy 100%
Name of Lessee (s) Blue Care Kabushiki Kaisha
Appraised Value (as at 31 July 2022) ¥ 797 million (S$ 8.1 million)1
Location Map Click here to view location map

Note:

  1. The Property was valued by Enrix Co., Ltd. using Discounted Cash Flow, Direct Income and Cost Approach methods. Based on an exchange rate of S$1.00 to ¥98.04.