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Property description

Palmary Inn Suma is a freehold 6-storey paid nursing home with care service consisting of 59 units.

Located in the coastal district in the south of Suma-ku, Palmary Inn Suma is easy accessible by Sanyo Dentetsu line and within a short walk from Sumadera station.

Key Statistics

Land Tenure Freehold
Land Area 2,676 sq m
Net Lettable Area 4,539 sq m
Number of Units (Rooms) 59
Year of Completion 1989
Committed Occupancy 100.0%
Name of Lessee (s) Asset Co., Ltd
Appraised Value (as at 31 December 2011) ¥869 million (S$14.55 million)1
Location Map Click here to view location map

Note:

  1. The property was valued by International Appraisals Incorporated using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00 to 59.74 units JPY.