Hikari Heights Varus Kotoni

A 14-storey nursing home located in a residential area near Sapporo city centre and a short walk walk from Kotoni Station on the JR Hakodate line.

GROSS
FLOOR
AREA
20,756
sq metres

FY2024
RENTAL
INCOME(1)
S$2.9
million

APPRAISED VALUE(2)
S$58.8
million
JPY 6,680
million

PROPERTY TYPE NURSING HOME
Land Area 11,033 square metres
Purchase Price JPY 6,209 million
Land Title Freehold
Maximum Rooms 281
Lease Term 30 + 5 years
Lease Expiry Date 24 April 2043
Tenants Hikari Heights Varus Co., Ltd.
Appointed Valuer Colliers KK
(1) Converted to SGD based on the average exchange rate of SGD 1 = JPY 112

(2) As at 31 December 2024; Converted to SGD based on the end of period exchange rate of SGD 1 = JPY 114