Elysion Gakuenmae

A 5-storey nursing home located in a residential area in Nara with nearby amenties such as a large hypermart and a hospital.

GROSS
FLOOR
AREA
3,790
sq metres

FY2023
RENTAL
INCOME(1)
S$0.8
million

APPRAISED VALUE(2)
S$15.3
million
JPY 1,660
million

PROPERTY TYPE NURSING HOME
Land Area 1,898 square metres
Purchase Price JPY1,610 million
Land Title Freehold
Maximum Rooms 92
Lease Term 30 + 5 years
Lease Expiry Date 24 April 2043
Tenants Safety Life Co., Ltd.
Appointed Valuer Colliers KK
(1) Without FRS 116 Adjustment on rental straight-lining; Converted to SGD based on the average exchange rate of SGD 1 = JPY 102.04

(2) As at 31 December 2023; Converted to SGD based on the end of period exchange rate of SGD 1 = JPY 109