| Address/Location |
: |
No. 183, Jalan Bukit Bintang, 55100 Kuala Lumpur. |
| Property description |
: |
A 5-star hotel with 578 rooms located on part of an 8-level podium block and
entire 24-level tower block of Starhill Gallery together with car park bays located
partially at basement 1 and 4 and the entire basement 2, 3 and 5 of JW Marriott
Hotel Kuala Lumpur. |
| Property type |
: |
Hotel |
| Age |
: |
Approximately 26 years |
| Title details |
: |
Grant No. 28678/M1/B5/1, within Parcel No. 1, Storey
No. B5 of Building No. M1 and 8 accessory parcels for Lot
No. 1267 Section 67, Town and District of Kuala Lumpur,
State of Wilayah Persekutuan Kuala Lumpur. |
| Encumbrances/Limitation in title/ interest |
: |
The property is charged to secure financing and there is
no restriction attached to the title. |
| Status of holdings |
: |
Freehold |
| Existing use |
: |
Commercial building |
| Parking spaces |
: |
490 bays |
| Lessee |
: |
Star Hill Hotel Sdn. Bhd. |
| Car park operator |
: |
YTL Land Sdn. Bhd. |
| Lease term |
: |
The property is leased for a term expiring on 31 December
2023. |
| Date of acquisition |
: |
16 December 2005 |
| Cost of acquisition(including incidentals) |
: |
RM331,024,000 |
| Fair value adjustments
for the financial year |
: |
RM756,000 |
| Market value |
: |
RM527,500,000 |
| Date of latest valuation |
: |
31 May 2023 |
| Independent valuer |
: |
Savills (Malaysia) Sdn Bhd |
| Net book value |
: |
RM527,500,000 |
