Asset Portfolio

Property description

Palmary Inn Suma is a freehold 5/6 +1(basement)-storey paid nursing home with care service consisting of 59 units.

Located in the coastal district in the south of Suma-ku, Palmary Inn Suma is easy accessible by Sanyo Dentetsu line and within a short walk from Sumadera station.

Key Statistics

Land Tenure Freehold
Land Area 2,676 sq m
Floor Area 4,539 sq m
Number of Units (Rooms) 59
Year of Completion 1989
Committed Occupancy 100%
Name of Lessee (s) Asset Co., Ltd
Appraised Value (as at 31 December 2020) ¥1,090 million (S$14.0 million)1
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  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.