Hikari Heights Varus Fujino

A 13-storey nursing home located in the residential Minami area of Sapporo, an hour's drive from Sapporo city centre.

GROSS
FLOOR
AREA
9,782
sq metres

FY2023
RENTAL
INCOME(1)
S$1.0
million

APPRAISED VALUE(2)
S$15.5
million
JPY 1,680
million

PROPERTY TYPE NURSING HOME
Land Area 7,230 square metres
Purchase Price JPY1,574 million
Land Title Freehold
Maximum Rooms 139
Lease Term 30 + 5 years
Lease Expiry Date 24 April 2043
Tenants Hikari Heights Varus Co., Ltd.
Appointed Valuer C&W 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