| Address/Location |
: |
By the Golf Course, 39000 Tanah Rata, Cameron Highlands, Pahang Darul Makmur. |
| Property description |
: |
3-storey luxury resort with a 2-storey spa village block with 56 rooms and suites
and a single storey building. |
| Property type |
: |
Resort |
| Age |
: |
Approximately 49 years |
| Title details |
: |
HSD 3881 for Lot No. PT 1812, Mukim of Tanah Rata,
District of Cameron Highlands, State of Pahang Darul
Makmur. |
| Encumbrances/Limitation in title/ interest |
: |
The property is charged to secure financing and there is
no restriction attached to the title. |
| Status of holdings |
: |
99-year leasehold expiring on 9 December 2108. The
unexpired lease period is approximately 85 years. |
| Existing use |
: |
Commercial building |
| Parking spaces |
: |
19 bays |
| Lessee |
: |
Cameron Highlands Resort Sdn. Bhd. |
| Lease term |
: |
The property is leased for a term expiring on 14 November
2026. |
| Date of acquisition |
: |
15 November 2011 |
| Cost of acquisition(including incidentals) |
: |
RM50,649,000 |
| Fair value adjustments
for the financial year |
: |
RM1,000,000 |
| Market value |
: |
RM62,000,000 |
| Date of last valuation |
: |
31 May 2023 |
| Independent valuer |
: |
Savills (Malaysia) Sdn Bhd |
| Net book value |
: |
RM62,000,000 |
