Asset Portfolio

Property description

Blue Terrace Kagura is a freehold, 3-storey nursing home, consisting of 100 units.

It is strategically located in the residential neighbourhood of Asahikawa City, Hokkaido Prefecture. The Property is accessible from Asahikawa Station and approximately 2.5 hours train ride from Sapporo Station.

Key Statistics

Land Tenure Freehold
Land Area 2,063.61 sq m
Floor Area 3,788.19 sq m
Number of Nursing Home Units (Rooms) 100
Year of Completion 2016
Committed Occupancy 100%
Name of Lessee (s) Blue Care Kabushiki Kaisha
Appraised Value (as at 31 December 2023) ¥ 1,320 million (S$ 12.3 million)1
Location Map Click here to view location map


  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 ¥107.5.