Asset Portfolio

Property description

Habitation Wakaba 1 is a freehold 3-storey paid nursing home consisting of 135 rooms.

Well nestled in a conducive residential area of Wakaba-ku, northeast of Chiba City. The property is located approximately 600m northeast of Sakuragi on the Urban Monorail 2nd Line.

Land Tenure Freehold
Land Area 6,574 sq m
Floor Area 5,431 sq m
Number of Nursing Home Units (Rooms) 135
Year of Completion 1993
Committed Occupancy 100%
Name of Lessee (s) K.K. Taijyu
Appraised Value (as at 31 December 2022) ¥ 2,230 million (S$ 22.7 million)2
Location Map Click here to view location map


  1. Formerly known as Wakaba no Oka.
  2. The property was valued by CBRE using the Direct Capitalisation and Discounted Cash Flow Methods. Based on an exchange rate of S$1.00 to JPY 98.33.