Hikari Heights Varus Makomanai-Koen

A 10-storey nursing home located in a residential area just outside Sapporo city centre.

GROSS
FLOOR
AREA
13,301
sq metres

FY2024
RENTAL
INCOME(1)
S$2.1
million

APPRAISED VALUE(2)
S$42.5
million
JPY 4,830
million

PROPERTY TYPE NURSING HOME
Land Area 6,653 square metres
Purchase Price JPY 4,475 million
Land Title Freehold
Maximum Rooms 161
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