Elysion Mamigaoka & Elysion Mamigaoka Annex

A connecting 5 and 4-storey nursing facility located in a residential area in Kitakatsuragi, Nara.

GROSS
FLOOR
AREA
10,259
sq metres

FY2023
RENTAL
INCOME(1)
S$1.3
million

APPRAISED VALUE(2)
S$20.9
million
JPY 2,270
million

PROPERTY TYPE NURSING HOME
Land Area 6,997 square metres
Purchase Price JPY2,370 million
Land Title Freehold
Maximum Rooms 160
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