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HAPINE FUKUOKA NOKE

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 1,396
Floor Area (sq m) 2,912
Number of Units (Rooms) 64
Number of Storeys 5
Year of Completion 2006
Name of Lessee (s) Green Life Co. Ltd
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥58.00 million
Gross Revenue (2023)2 ¥58.00 million
Purchase Price3 ¥723.00 million (S$11.15 million)
Year of Purchase 2009
Appraised Value4
(as at 31 December 2024)		 ¥965.00 million5 (S$8.30 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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SAWAYAKA OBATAKE ICHIBANKAN

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 1,769
Floor Area (sq m) 3,491
Number of Units (Rooms) 78
Number of Storeys 5
Year of Completion 2007
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥57.00 million
Gross Revenue (2023)2 ¥57.00 million
Purchase Price3 ¥660.00 million (S$10.07 million)
Year of Purchase 2010
Appraised Value4
(as at 31 December 2024)		 ¥869.00 million (S$7.50 million)
Name of Appraiser(s) Enrix Co., Ltd
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SAWAYAKA OBATAKE NIBANKAN

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 1,047
Floor Area (sq m) 1,538
Number of Units (Rooms) 26
Number of Storeys 3
Year of Completion 2007
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥27.95 million
Gross Revenue (2023)2 ¥27.95 million
Purchase Price3 ¥276.00 million (S$4.21 million)
Year of Purchase 2010
Appraised Value4
(as at 31 December 2024)		 ¥417.00 million (S$3.60 million)
Name of Appraiser(s) Enrix Co., Ltd
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SAWAYAKA SHINMOJIKAN

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 2,395
Floor Area (sq m) 5,094
Number of Units (Rooms) 112
Number of Storeys 6
Year of Completion 2007
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥75.00 million
Gross Revenue (2023)2 ¥75.00 million
Purchase Price3 ¥848.00 million (S$12.93 million)
Year of Purchase 2010
Appraised Value4
(as at 31 December 2024)		 ¥1,110.00 million (S$9.60 million)
Name of Appraiser(s) Enrix Co., Ltd
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SAWAYAKA NOGATAKAN

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 2,702
Floor Area (sq m) 3,147
Number of Units (Rooms) 78
Number of Storeys 4 + 1 (basement)
Year of Completion 2005
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥57.00 million
Gross Revenue (2023)2 ¥57.00 million
Purchase Price3 ¥631.00 million (S$9.62 million)
Year of Purchase 2010
Appraised Value4
(as at 31 December 2024)		 ¥835.00 million (S$7.20 million)
Name of Appraiser(s) Enrix Co., Ltd
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SAWAYAKA FUKUFUKUKAN

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 1,842
Floor Area (sq m) 3,074
Number of Units (Rooms) 72
Number of Storeys 4 + 1 (basement)
Year of Completion 2008
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥50.00 million
Gross Revenue (2023)2 ¥50.00 million
Purchase Price3 ¥564.00 million (S$8.74 million)
Year of Purchase 2011
Appraised Value4
(as at 31 December 2024)		 ¥730.00 million (S$6.30 million)
Name of Appraiser(s) Enrix Co., Ltd
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SAWAYAKA MEKARI NIBANKAN

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 1,354
Floor Area (sq m) 2,133
Number of Units (Rooms) 61
Number of Storeys 3
Year of Completion 2012
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥24.80 million
Gross Revenue (2023)2 ¥24.80 million
Purchase Price3 ¥310.00 million (S$3.97 million)
Year of Purchase 2013
Appraised Value4
(as at 31 December 2024)		 ¥358.00 million (S$3.10 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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SAWAYAKA KIYOTAKAN

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 2,597
Floor Area (sq m) 5,661
Number of Units (Rooms) 108
Number of Storeys 8
Year of Completion 2013
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥72.06 million
Gross Revenue (2023)2 ¥72.06 million
Purchase Price3 ¥860.00 million (S$11.01 million)
Year of Purchase 2013
Appraised Value4
(as at 31 December 2024)		 ¥1,050.00 million5 (S$9.10 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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HABITATION JYOSUI

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 3,259
Floor Area (sq m) 6,076
Number of Units (Rooms) 87
Number of Storeys 11
Year of Completion 2005
Name of Lessee (s) K.K. Habitation
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥245.00 million
Gross Revenue (2023)2 ¥245.00 million
Purchase Price3 ¥3,535.00 million (S$39.17 million)
Year of Purchase 2014
Appraised Value4
(as at 31 December 2024)		 ¥3,670.00 million (S$31.80 million)
Name of Appraiser(s) Enrix Co., Ltd
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HABITATION HAKATA I, II, III

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 15,336
Floor Area (sq m) 21,415
Number of Units (Rooms) 318
Number of Storeys 3 to 8
Year of Completion 1984 to 2003
Name of Lessee (s) K.K. Habitation
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥276.00 million
Gross Revenue (2023)2 ¥276.00 million
Purchase Price3 ¥3,705.00 million (S$42.61 million)
Year of Purchase 2015
Appraised Value4
(as at 31 December 2024)		 ¥4,190.00 million (S$36.30 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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WILL-MARK KASHIIHAMA

Prefecture Fukuoka
Land Tenure Freehold
Land Area (sq m) 7,298
Floor Area (sq m) 14,169
Number of Units (Rooms) 159
Number of Storeys 11
Year of Completion 2005
Name of Lessee (s) K.K. Habitation
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥195.00 million
Gross Revenue (2023)2 ¥195.00 million
Purchase Price3 ¥3,000.00 million (S$36.20 million)
Year of Purchase 2021
Appraised Value4
(as at 31 December 2024)		 ¥3,200.00 million5 (S$27.70 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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KIKUYA WARAKUEN

Prefecture Yamaguchi
Land Tenure Freehold
Land Area (sq m) 4,905
Floor Area (sq m) 3,641
Number of Units (Rooms) 70
Number of Storeys 2 to 4
Year of Completion 1964 to 2004
Name of Lessee (s) K.K. M.C.S.
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥60.64 million
Gross Revenue (2023)2 ¥60.64 million
Purchase Price3 ¥781.00 million (S$9.75 million)
Year of Purchase 2017
Appraised Value4
(as at 31 December 2024)		 ¥809.00 million5 (S$7.00 million)
Name of Appraiser(s) Enrix Co., Ltd
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SANKO

Prefecture Yamaguchi
Land Tenure Freehold
Land Area (sq m) 1,680
Floor Area (sq m) 2,018
Number of Units (Rooms) 53
Number of Storeys 3
Year of Completion 2011
Name of Lessee (s) K.K. M.C.S.
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥38.64 million
Gross Revenue (2023)2 ¥38.64 million
Purchase Price3 ¥500.00 million (S$6.25 million)
Year of Purchase 2017
Appraised Value4
(as at 31 December 2024)		 ¥520.00 million5 (S$4.50 million)
Name of Appraiser(s) Enrix Co., Ltd
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HARU NO SATO

Prefecture Yamaguchi
Land Tenure Freehold
Land Area (sq m) 4,241
Floor Area (sq m) 3,568
Number of Units (Rooms) 100
Number of Storeys 3
Year of Completion 2000/2016
Name of Lessee (s) Medical Corporation Shojin-kai
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥91.80 million
Gross Revenue (2023)2 ¥91.80 million
Purchase Price3 ¥1,200.00 million (S$15.00 million)
Year of Purchase 2019
Appraised Value4
(as at 31 December 2024)		 ¥1,340.00 million (S$11.60 million)
Name of Appraiser(s) CBRE K.K
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SAWAYAKA NIIHAMAKAN

Prefecture Ehime
Land Tenure Freehold
Land Area (sq m) 4,197
Floor Area (sq m) 7,382
Number of Units (Rooms) 135
Number of Storeys 7
Year of Completion 2012
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥104.28 million
Gross Revenue (2023)2 ¥104.28 million
Purchase Price3 ¥1,300.00 million (S$16.64 million)
Year of Purchase 2013
Appraised Value4
(as at 31 December 2024)		 ¥1,520.00 million5 (S$13.10 million)
Name of Appraiser(s) CBRE K.K.
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SOMPO NO LE NAKASYO

Prefecture Okayama
Land Tenure Freehold
Land Area (sq m) 2,901
Floor Area (sq m) 3,231
Number of Units (Rooms) 75
Number of Storeys 3
Year of Completion 2001
Name of Lessee (s) Sompo Care Inc.; Shakai Fukushi Houjin Keiyu-Kai
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥48.60 million
Gross Revenue (2023)2 ¥48.60 million
Purchase Price3 ¥555.00 million (S$8.56 million)
Year of Purchase 2009
Appraised Value4
(as at 31 December 2024)		 ¥731.00 million5 (S$6.30 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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MORE HABITATION AKASHI

Prefecture Hyogo
Land Tenure Freehold
Land Area (sq m) 5,891
Floor Area (sq m) 6,562
Number of Units (Rooms) 96
Number of Storeys 6
Year of Completion 1987/2003
Name of Lessee (s) K.K. AlphaBetta
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥113.40 million
Gross Revenue (2023)2 ¥83.16 million
Purchase Price3 ¥1,456.00 million (S$19.62 million)
Year of Purchase 2008
Appraised Value4
(as at 31 December 2024)		 ¥1,840.00 million (S$15.90 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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MORE HABITATION SUMA RIKYU

Prefecture Hyogo
Land Tenure Freehold
Land Area (sq m) 2,676
Floor Area (sq m) 4,539
Number of Units (Rooms) 59
Number of Storeys 5/6 + 1 (basement)
Year of Completion 1989
Name of Lessee (s) K.K. AlphaBetta
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥67.26 million
Gross Revenue (2023)2 ¥49.32 million
Purchase Price3 ¥844.00 million (S$11.37 million)
Year of Purchase 2008
Appraised Value4
(as at 31 December 2024)		 ¥1,080.00 million (S$9.30 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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MORE HABITATION KOBE KITANO

Prefecture Hyogo
Land Tenure Freehold
Land Area (sq m) 1,034
Floor Area (sq m) 3,964
Number of Units (Rooms) 71
Number of Storeys 10+ 1 (basement)
Year of Completion 1992/2003
Name of Lessee (s) K.K. AlphaBetta
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥99.60 million
Gross Revenue (2023)2 ¥73.04 million
Purchase Price3 ¥1,310.00 million (S$16.70 million)
Year of Purchase 2013
Appraised Value4
(as at 31 December 2024)		 ¥1,660.00 million (S$14.40 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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FIORE SENIOR RESIDENCE HIRAKATA

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 727
Floor Area (sq m) 1,155
Number of Units (Rooms) 40
Number of Storeys 3
Year of Completion 2007
Name of Lessee (s) K.K. Vivac
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥33.60 million
Gross Revenue (2023)2 ¥33.60 million
Purchase Price3 ¥420.00 million (S$6.48 million)
Year of Purchase 2009
Appraised Value4
(as at 31 December 2024)		 ¥557.00 million5 (S$4.80 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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MAISON DES CENTENAIRE ISHIZUGAWA

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 1,111
Floor Area (sq m) 2,129
Number of Units (Rooms) 52
Number of Storeys 5
Year of Completion 1988/2003
Name of Lessee (s) Miyako Kenkokai Medical Corporation
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥61.20 million
Gross Revenue (2023)2 ¥61.20 million
Purchase Price3 ¥671.00 million (S$10.35 million)
Year of Purchase 2009
Appraised Value4
(as at 31 December 2024)		 ¥968.00 million5 (S$8.40 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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MAISON DES CENTENAIRE HARUKI

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 801
Floor Area (sq m) 1,263
Number of Units (Rooms) 36
Number of Storeys 4
Year of Completion 1996/2006
Name of Lessee (s) Miyako Kenkokai Medical Corporation
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥47.12 million
Gross Revenue (2023)2 ¥47.12 million
Purchase Price3 ¥485.00 million (S$7.48 million)
Year of Purchase 2009
Appraised Value4
(as at 31 December 2024)		 ¥713.00 million5 (S$6.20 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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IYASHI NO TAKATSUKI KAN

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 2,023
Floor Area (sq m) 3,956
Number of Units (Rooms) 87
Number of Storeys 6
Year of Completion 1997/2005
Name of Lessee (s) Riei Co., Ltd
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥101.04 million
Gross Revenue (2023)2 ¥101.04 million
Purchase Price3 ¥1,107.00 million (S$17.07 million)
Year of Purchase 2009
Appraised Value4
(as at 31 December 2024)		 ¥1,730.00 million5 (S$15.00 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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HAPPY LIFE TOYONAKA

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 628
Floor Area (sq m) 1,254
Number of Units (Rooms) 42
Number of Storeys 4
Year of Completion 2007
Name of Lessee (s) K.K. Nihon Kaigo Iryo Center
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥35.28 million
Gross Revenue (2023)2 ¥35.28 million
Purchase Price3 ¥445.00 million (S$5.67 million)
Year of Purchase 2013
Appraised Value4
(as at 31 December 2024)		 ¥558.00 million5 (S$4.80 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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MAISON DES CENTENAIRE HANNAN

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 7,827
Floor Area (sq m) 4,331
Number of Units (Rooms) 95
Number of Storeys 3
Year of Completion 2010
Name of Lessee (s) Miyako Enterprise Co., Ltd
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥125.56 million
Gross Revenue (2023)2 ¥124.65 million
Purchase Price3 ¥1,600.00 million (S$19.82 million)
Year of Purchase 2014
Appraised Value4
(as at 31 December 2024)		 ¥1,950.00 million5 (S$16.90 million)
Name of Appraiser(s) JLL Morii Valuation and Advisory K.K.
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MAISON DES CENTENAIRE OHHAMA

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 1,281
Floor Area (sq m) 1,717
Number of Units (Rooms) 47
Number of Storeys 5
Year of Completion 1990
Name of Lessee (s) Miyako Enterprise Co., Ltd
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥49.00 million
Gross Revenue (2023)2 ¥49.00 million
Purchase Price3 ¥600.00 million (S$7.43 million)
Year of Purchase 2014
Appraised Value4
(as at 31 December 2024)		 ¥801.00 million5(S$6.90 million)
Name of Appraiser(s) JLL Morii Valuation and Advisory K.K.
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SUNHILL MIYAKO

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 10,867
Floor Area (sq m) 4,299
Number of Units (Rooms) 34
Number of Storeys 4
Year of Completion 1996
Name of Lessee (s) Miyako Enterprise Co., Ltd
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥67.00 million
Gross Revenue (2023)2 ¥67.00 million
Purchase Price3 ¥800.00 million (S$9.91 million)
Year of Purchase 2014
Appraised Value4
(as at 31 December 2024)		 ¥964.00 million (S$8.30 million)
Name of Appraiser(s) JLL Morii Valuation and Advisory K.K.
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HIBISU SHIROKITA KOENDORI

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 723
Floor Area (sq m) 1,447
Number of Units (Rooms) 52
Number of Storeys 4
Year of Completion 2022
Name of Lessee (s) K.K. BISCUSS
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥43.68 million
Gross Revenue (2023)2 ¥7.87 million
Purchase Price3 ¥832.00 million (S$7.72 million)
Year of Purchase 2023
Appraised Value4
(as at 31 December 2024)		 ¥934.00 million5 (S$8.10 million)
Name of Appraiser(s) Enrix Co., Ltd
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HIBISU SUITA

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 637
Floor Area (sq m) 1,534
Number of Units (Rooms) 56
Number of Storeys 5
Year of Completion 2023
Name of Lessee (s) K.K. BISCUSS
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥49.06 million
Gross Revenue (2023)2 ¥4.09 million
Purchase Price3 ¥934.40 million (S$8.67 million)
Year of Purchase 2023
Appraised Value4
(as at 31 December 2024)		 ¥1,040.00 million5 (S$9.00 million)
Name of Appraiser(s) Enrix Co., Ltd
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HIBISU HIGASHI SUMIYOSHI

Prefecture Osaka
Land Tenure Freehold
Land Area (sq m) 1,735
Floor Area (sq m) 3,857
Number of Units (Rooms) 138
Number of Storeys 3
Year of Completion 2024
Name of Lessee (s) K.K. BISCUSS
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥29.75 million
Gross Revenue (2023)2 -6
Purchase Price3 ¥2,446.20 million (S$20.74 million)
Year of Purchase 2024
Appraised Value4
(as at 31 December 2024)		 ¥2,690.00 million (S$23.30 million)
Name of Appraiser(s) Enrix Co., Ltd
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ORANGE NO SATO

Prefecture Wakayama
Land Tenure Leasehold with 99 years from 1 November 2019
Land Area (sq m) 2,377
Floor Area (sq m) 4,005
Number of Units (Rooms) 98
Number of Storeys 3
Year of Completion 1997
Name of Lessee (s) Medical Corporation Kenko Choju-kai
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥87.60 millionn
Gross Revenue (2023)2 ¥87.60 millionn
Purchase Price3 ¥1,200.00 million (S$15.00 million)
Year of Purchase 2019
Appraised Value4
(as at 31 December 2024)		 ¥1,180.00 million5 (S$10.20 million)
Name of Appraiser(s) CBRE K.K.
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SAWAYAKA SEASIDE TOBA

Prefecture Mie
Land Tenure Freehold
Land Area (sq m) 2,803
Floor Area (sq m) 7,360
Number of Units (Rooms) 129
Number of Storeys 7
Year of Completion 2012
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥110.40 million
Gross Revenue (2023)2 ¥110.40 million
Purchase Price3 ¥1,380.00 million (S$17.66 million)
Year of Purchase 2013
Appraised Value4
(as at 31 December 2024)		 ¥1,610.00 million (S$13.90 million)
Name of Appraiser(s) CBRE K.K.
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HODAKA NO NIWA

Prefecture Gifu
Land Tenure Freehold
Land Area (sq m) 39,955
Floor Area (sq m) 6,117
Number of Units (Rooms) 100
Number of Storeys 1
Year of Completion 2004
Name of Lessee (s) Medical Corporation Kenko Choju-kai
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥100.75 million
Gross Revenue (2023)2 ¥100.75 million
Purchase Price3 ¥1,300.00 million (S$16.25 million)
Year of Purchase 2019
Appraised Value4
(as at 31 December 2024)		 ¥1,380.00 million5 (S$11.90 million)
Name of Appraiser(s) CBRE K.K.
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EXCELLENT TENPAKU GARDEN HILLS

Prefecture Aichi
Land Tenure Freehold
Land Area (sq m) 6,593
Floor Area (sq m) 4,000
Number of Units (Rooms) 94
Number of Storeys 4
Year of Completion 2013
Name of Lessee (s) K.K. Kokanomori
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥108.00 million
Gross Revenue (2023)2 ¥108.00 million
Purchase Price3 ¥1,645.00 million (S$18.92 million)
Year of Purchase 2015
Appraised Value4
(as at 31 December 2024)		 ¥1,850.00 million (S$16.00 million)
Name of Appraiser(s) CBRE K.K.
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BON SEJOUR YOKOHAMA SHIN-YAMASHITA

Prefecture Kanagawa
Land Tenure Freehold
Land Area (sq m) 1,653
Floor Area (sq m) 3,273
Number of Units (Rooms) 74
Number of Storeys 5
Year of Completion 2006
Name of Lessee (s) Benesse Style Care Co., Ltd
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥100.85 million
Gross Revenue (2023)2 ¥100.85 million
Purchase Price3 ¥1,394.00 million (S$18.36 million)
Year of Purchase 2008
Appraised Value4
(as at 31 December 2024)		 ¥1,760.00 million (S$15.20 million)
Name of Appraiser(s) CBRE K.K
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HANADAMA NO LE NAKAHARA

Prefecture Kanagawa
Land Tenure Freehold
Land Area (sq m) 935
Floor Area (sq m) 1,847
Number of Units (Rooms) 47
Number of Storeys 4
Year of Completion 2006
Name of Lessee (s) K.K. Japan Amenity Life Association
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥52.80 million
Gross Revenue (2023)2 ¥52.80 million
Purchase Price3 ¥628.00 million (S$9.83 million)
Year of Purchase 2010
Appraised Value4
(as at 31 December 2024)		 ¥930.00 million5 (S$8.00 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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OCEAN VIEW SHONAN ARASAKI

Prefecture Kanagawa
Land Tenure Freehold
Land Area (sq m) 3,067
Floor Area (sq m) 5,304
Number of Units (Rooms) 79
Number of Storeys 6
Year of Completion 2007
Name of Lessee (s) K.K. Japan Amenity Life Association
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥132.99 million
Gross Revenue (2023)2 ¥132.99 million
Purchase Price3 ¥1,700.00 million (S$18.72 million)
Year of Purchase 2015
Appraised Value4
(as at 31 December 2024)		 ¥2,130.00 million5 (S$18.40 million)
Name of Appraiser(s) CBRE K.K.
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SAWAYAKA MINATOKAN

Prefecture Nigata
Land Tenure Freehold
Land Area (sq m) 3,551
Floor Area (sq m) 2,246
Number of Units (Rooms) 50
Number of Storeys 3
Year of Completion 2010
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥52.00 million
Gross Revenue (2023)2 ¥52.00 million
Purchase Price3 ¥650.00 million (S$8.32 million)
Year of Purchase 2013
Appraised Value4
(as at 31 December 2024)		 ¥772.00 million5 (S$6.70 million)
Name of Appraiser(s) CBRE K.K.
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SMILING HOME MEDIS MUSASHI URAWA

Prefecture Saitama
Land Tenure Freehold
Land Area (sq m) 802
Floor Area (sq m) 1,603
Number of Units (Rooms) 44
Number of Storeys 3
Year of Completion 1991/2004
Name of Lessee (s) Green Life Higashi Nihon
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥44.82 million
Gross Revenue (2023)2 ¥44.82 million
Purchase Price3 ¥612.00 million (S$8.24 million)
Year of Purchase 2008
Appraised Value4
(as at 31 December 2024)		 ¥851.00 million (S$7.40 million)
Name of Appraiser(s) Enrix Co., Ltd
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SMILING HOME MEDIS KOSHIGAYA GAMO

Prefecture Saitama
Land Tenure Freehold
Land Area (sq m) 1,993
Floor Area (sq m) 3,834
Number of Units (Rooms) 100
Number of Storeys 6
Year of Completion 1989/2005
Name of Lessee (s) Green Life Higashi Nihon
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥91.26 million
Gross Revenue (2023)2 ¥91.26 million
Purchase Price3 ¥1,289.00 million (S$17.37 million)
Year of Purchase 2008
Appraised Value4
(as at 31 December 2024)		 ¥1,670.00 million (S$14.40 million)
Name of Appraiser(s) Enrix Co., Ltd
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AS HEIM NAKAURAWA

Prefecture Saitama
Land Tenure Freehold
Land Area (sq m) 1,762
Floor Area (sq m) 2,712
Number of Units (Rooms) 64
Number of Storeys 4 + 1 (basement)
Year of Completion 2006
Name of Lessee (s) As Partners Co., Ltd
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥60.00 million
Gross Revenue (2023)2 ¥60.00 million
Purchase Price3 ¥812.00 million (S$12.72 million)
Year of Purchase 2010
Appraised Value4
(as at 31 December 2024)		 ¥1,130.00 million (S$9.80 million)
Name of Appraiser(s) Enrix Co., Ltd
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KONOSU NURSING HOME KYOSEIEN

Prefecture Saitama
Land Tenure Freehold
Land Area (sq m) 8,715
Floor Area (sq m) 5,634
Number of Units (Rooms) 120
Number of Storeys 5
Year of Completion 2004/2005
Name of Lessee (s) Iryouhoujin Shadan Kouaikai
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥112.00 million
Gross Revenue (2023)2 ¥112.00 million
Purchase Price3 ¥1,500.00 million (S$17.80 million)
Year of Purchase 2018
Appraised Value4
(as at 31 December 2024)		 ¥1,780.00 million (S$15.40 million)
Name of Appraiser(s) Enrix Co., Ltd
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SAWAYAKA SAKURAKAN

Prefecture Akita
Land Tenure Freehold
Land Area (sq m) 6,276
Floor Area (sq m) 5,044
Number of Units (Rooms) 110
Number of Storeys 4
Year of Completion 2006
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥70.00 million
Gross Revenue (2023)2 ¥70.00 million
Purchase Price3 ¥725.00 million (S$11.06 million)
Year of Purchase 2010
Appraised Value4
(as at 31 December 2024)		 ¥961.00 million (S$8.30 million)
Name of Appraiser(s) CBRE K.K.
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CREA ADACHI

Prefecture Tokyo
Land Tenure Freehold
Land Area (sq m) 1,694
Floor Area (sq m) 2,499
Number of Units (Rooms) 87
Number of Storeys 4
Year of Completion 2015
Name of Lessee (s) K.K. Genki na Kaigo
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥71.50 million
Gross Revenue (2023)2 ¥71.50 million
Purchase Price3 ¥1,100.00 million (S$13.20 million)
Year of Purchase 2021
Appraised Value4
(as at 31 December 2024)		 ¥1,380.00 million (S$11.90 million)
Name of Appraiser(s) CBRE K.K.
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ASSISTED LIVING EDOGAWA

Prefecture Tokyo
Land Tenure Freehold
Land Area (sq m) 1,832
Floor Area (sq m) 2,977
Number of Units (Rooms) 86
Number of Storeys 4
Year of Completion 2021
Name of Lessee (s) Zen Wellness Co., Ltd.
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥92.88 million
Gross Revenue (2023)2 ¥92.88 million
Purchase Price3 ¥1,700.00 million (S$17.34 million)
Year of Purchase 2022
Appraised Value4
(as at 31 December 2024)		 ¥1,880.00 million5 (S$16.30 million)
Name of Appraiser(s) CBRE K.K.
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SENIOR CHONAIKAI MAKUHARI KAN

Prefecture Chiba
Land Tenure Freehold
Land Area (sq m) 2,853
Floor Area (sq m) 4,361
Number of Units (Rooms) 108
Number of Storeys 5
Year of Completion 1992/2004
Name of Lessee (s) Riei Co., Ltd
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥101.50 million
Gross Revenue (2023)2 ¥101.50 million
Purchase Price3 ¥1,403.00 million (S$18.90 million)
Year of Purchase 2008
Appraised Value4
(as at 31 December 2024)		 ¥1,890.00 million (S$16.30 million)
Name of Appraiser(s) Enrix Co., Ltd
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LIVE IN WAKABA (Formerly known as Habitation Wakaba)

Prefecture Chiba
Land Tenure Freehold
Land Area (sq m) 6,574
Floor Area (sq m) 5,431
Number of Units (Rooms) 135
Number of Storeys 3
Year of Completion 1993
Name of Lessee (s) K.K. Taijyu
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥129.60 million
Gross Revenue (2023)2 ¥129.60 million
Purchase Price3 ¥1,766.00 million (S$22.06 million)
Year of Purchase 2017
Appraised Value4
(as at 31 December 2024)		 ¥2,280.00 million (S$19.70 million)
Name of Appraiser(s) Enrix Co., Ltd
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HABITATION HAKUSHO

Prefecture Chiba
Land Tenure Freehold
Land Area (sq m) 15,706
Floor Area (sq m) 6,959
Number of Units (Rooms) 124
Number of Storeys 3 + 1 (basement)
Year of Completion 1986
Name of Lessee (s) K.K. Hakusho
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥119.68 million
Gross Revenue (2023)2 ¥119.68 million
Purchase Price3 ¥1,607.00 million (S$20.07 million)
Year of Purchase 2017
Appraised Value4
(as at 31 December 2024)		 ¥1,700.00 million (S$14.70 million)
Name of Appraiser(s) Enrix Co., Ltd
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GROUP HOME HAKUSHO

Prefecture Chiba
Land Tenure Freehold
Land Area (sq m) 2,859
Floor Area (sq m) 416
Number of Units (Rooms) 9
Number of Storeys 2
Year of Completion 2004
Name of Lessee (s) K.K. Hakusho
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥8.00 million
Gross Revenue (2023)2 ¥8.00 million
Purchase Price3 ¥105.00 million (S$1.31 million)
Year of Purchase 2017
Appraised Value4
(as at 31 December 2024)		 ¥109.00 million (S$0.90 million)
Name of Appraiser(s) Enrix Co., Ltd
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HABITATION KAMAGAYA

Prefecture Chiba
Land Tenure Freehold
Land Area (sq m) 1,996
Floor Area (sq m) 5,118
Number of Units (Rooms) 100
Number of Storeys 6+ 1 (basement)
Year of Completion 2006
Name of Lessee (s) Fuyo Shoji K.K.
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥115.50 million
Gross Revenue (2023)2 ¥115.50 million
Purchase Price3 ¥1,650.00 million (S$21.20 million)
Year of Purchase 2020
Appraised Value4
(as at 31 December 2024)		 ¥1,880.00 million (S$16.30 million)
Name of Appraiser(s) Enrix Co., Ltd
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HABITATION KISARAZU ICHIBANKAN

Prefecture Chiba
Land Tenure Freehold
Land Area (sq m) 5,096
Floor Area (sq m) 7,065
Number of Units (Rooms) 150
Number of Storeys 4
Year of Completion 2017
Name of Lessee (s) Fuyo Shoji K.K.
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥197.20 million
Gross Revenue (2023)2 ¥197.20 million
Purchase Price3 ¥3,200.00 million (S$37.90 million)
Year of Purchase 2021
Appraised Value4
(as at 31 December 2024)		 ¥3,640.00 million5 (S$31.50 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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ASSISTED LIVING TOKE

Prefecture Chiba
Land Tenure Freehold
Land Area (sq m) 2,293
Floor Area (sq m) 2,824
Number of Units (Rooms) 80
Number of Storeys 3
Year of Completion 2021
Name of Lessee (s) Zen Wellness Co., Ltd.
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥72.00 million
Gross Revenue (2023)2 ¥72.00 million
Purchase Price3 ¥1,180.00 million (S$12.04 million)
Year of Purchase 2022
Appraised Value4
(as at 31 December 2024)		 ¥1,280.00 million5 (S$11.10 million)
Name of Appraiser(s) CBRE K.K.
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SAWAYAKA HIGASHIKAGURA-KAN

Prefecture Hokkaido
Land Tenure Freehold
Land Area (sq m) 4,813
Floor Area (sq m) 5,467
Number of Units (Rooms) 110
Number of Storeys 4
Year of Completion 2010
Name of Lessee (s) K.K. Sawayaka Club
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥81.09 million
Gross Revenue (2023)2 ¥81.09 million
Purchase Price3 ¥866.00 million (S$13.36 million)
Year of Purchase 2012
Appraised Value4
(as at 31 December 2024)		 ¥1,050.00 million (S$9.10 million)
Name of Appraiser(s) Colliers K.K.
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LIVERARI SHIROISHI HANA ICHIGO-KAN

Prefecture Hokkaido
Land Tenure Freehold
Land Area (sq m) 628
Floor Area (sq m) 1,051
Number of Units (Rooms) 48
Number of Storeys 3
Year of Completion 2011
Name of Lessee (s) K.K. Living Platform Care
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥24.00 million
Gross Revenue (2023)2 ¥24.00 million
Purchase Price3 ¥298.00 million (S$3.43 million)
Year of Purchase 2015
Appraised Value4
(as at 31 December 2024)		 ¥372.00 million (S$3.20 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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LIVERARI SHIROISHI HANA NIGO-KAN

Prefecture Hokkaido
Land Tenure Freehold
Land Area (sq m) 436
Floor Area (sq m) 747
Number of Units (Rooms) 24
Number of Storeys 3 + 1 (basement)
Year of Completion 1990
Name of Lessee (s) K.K. Living Platform Care
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥12.00 million
Gross Revenue (2023)2 ¥12.00 million
Purchase Price3 ¥152.00 million (S$1.75 million)
Year of Purchase 2015
Appraised Value4
(as at 31 December 2024)		 ¥187.00 million (S$1.60 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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SUNNY SPOT MISONO

Prefecture Hokkaido
Land Tenure Freehold
Land Area (sq m) 429
Floor Area (sq m) 724
Number of Units (Rooms) 18
Number of Storeys 3
Year of Completion 1993
Name of Lessee (s) K.K. Challenge Platform
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥14.40 million
Gross Revenue (2023)2 ¥14.40 million
Purchase Price3 ¥177.00 million (S$2.04 million)
Year of Purchase 2015
Appraised Value4
(as at 31 December 2024)		 ¥214.00 million5 (S$1.90 million)
Name of Appraiser(s) Cushman & Wakefield K.K.
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SILVER HEIGHTS HITSUJIGAOKA (ICHIBANKAN & NIBANKAN)

Prefecture Hokkaido
Land Tenure Freehold
Land Area (sq m) 5,694
Floor Area (sq m) 9,013
Number of Units (Rooms) 123
Number of Storeys 5 to 6
Year of Completion Ichibankan in 1987;
Nibankan in 1991
Name of Lessee (s) K.K. Silver Heights Sapporo
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥88.77 million
Gross Revenue (2023)2 ¥88.77 million
Purchase Price3 ¥1,100.00 million (S$13.23 million)
Year of Purchase 2016
Appraised Value4
(as at 31 December 2024)		 ¥1,320.00 million5 (S$11.40 million)
Name of Appraiser(s) Colliers K.K.
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BLUE RISE NOPPORO

Prefecture Hokkaido
Land Tenure Freehold
Land Area (sq m) 1,921
Floor Area (sq m) 2,663
Number of Units (Rooms) 70
Number of Storeys 5
Year of Completion 2007
Name of Lessee (s) K.K. Blue Care
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥51.91 million
Gross Revenue (2023)2 ¥51.91 million
Purchase Price3 ¥699.00 million (S$7.13 million)
Year of Purchase 2022
Appraised Value4
(as at 31 December 2024)		 ¥805.00 million (S$7.00 million)
Name of Appraiser(s) Colliers K.K.
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BLUE TERRACE TAISETSU

Prefecture Hokkaido
Land Tenure Freehold
Land Area (sq m) 1,268
Floor Area (sq m) 2,608
Number of Units (Rooms) 80
Number of Storeys 3
Year of Completion 2010
Name of Lessee (s) K.K. Blue Care
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥49.96 million
Gross Revenue (2023)2 ¥49.96 million
Purchase Price3 ¥679.00 million (S$6.93 million)
Year of Purchase 2022
Appraised Value4
(as at 31 December 2024)		 ¥763.00 million5 (S$6.60 million)
Name of Appraiser(s) Colliers K.K.
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BLUE TERRACE KAGURA

Prefecture Hokkaido
Land Tenure Freehold
Land Area (sq m) 2,064
Floor Area (sq m) 3,788
Number of Units (Rooms) 100
Number of Storeys 3
Year of Completion 2016
Name of Lessee (s) K.K. Blue Care
Committed Occupancy1 100%
Gross Revenue (2024)2 ¥79.20 million
Gross Revenue (2023)2 ¥79.20 million
Purchase Price3 ¥1,180.00 million (S$12.04 million)
Year of Purchase 2022
Appraised Value4
(as at 31 December 2024)		 ¥1,300.00 million5 (S$11.30 million)
Name of Appraiser(s) Colliers K.K.
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(1) Committed occupancy of each property for year 2023 and 2024 remain unchanged
(2) Based on gross rental per annum, excluding C-Tax and other income
(3) Based on the exchange rate at point of acquisition
(4) Based on the exchange rate as at 31 December 2024
(5) As at 31 December 2024, the property recorded depreciation on revaluation against corresponding value as at 31 December 2023
(6) Acquistion completed on 7 August 2024