(Parcel 1) |
|
|
Address/Location |
: |
No. 168, Jalan Imbi, 55100 Kuala Lumpur. |
Property description |
: |
60 units of hotel suites, 4 levels of commercial podium, 1 level of facilities deck
and 2 levels of basement car parks, all located on part of a 38-storey block. |
Property type |
: |
Serviced apartment |
Age |
: |
Approximately 18 years |
Title details |
: |
Grant No. 47693 for Lot No. 1308 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 |
: |
Total combined 189 bays from Parcel 1 and Parcel 2. |
Lessee |
: |
Star Hill Hotel Sdn. Bhd. |
Lease term |
: |
The property is leased for a term expiring on 30 June
2031. |
Date of acquisition |
: |
16 May 2007 |
Cost of acquisition(including incidentals) |
: |
RM125,000,000 |
Fair value adjustments
for the financial year |
: |
RM1,690,000 |
Market value |
: |
RM218,000,000 |
Date of last valuation |
: |
31 May 2023 |
Independent valuer |
: |
Savills (Malaysia) Sdn Bhd |
Net book value |
: |
RM218,000,000 |
|
|
|
(Parcel 2) |
|
|
Address/Location |
|
No. 168, Jalan Imbi, 55100 Kuala Lumpur. |
Description |
: |
50 units of hotel suites, 4 units of penthouses and 1 level of basement car park,
all located on part of a 38-storey block. |
Property type |
: |
Serviced apartment |
Age |
: |
Approximately 18 years |
Title details |
: |
Grant No. 47693 for Lot No. 1308 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 |
: |
Total combined 189 bays from Parcel 1 and Parcel 2. |
Lessee |
: |
Star Hill Hotel Sdn. Bhd. |
Lease term |
: |
The property is leased for a term expiring on 30 June
2031. |
Date of acquisition |
: |
15 November 2011 |
Cost of acquisition(including incidentals) |
: |
RM73,881,000 |
Fair value adjustments for the financial year |
: |
RM1,000,000 |
Market value |
: |
RM106,000,000 |
Date of last valuation |
: |
31 May 2023 |
Independent valuer |
: |
Savills (Malaysia) Sdn Bhd |
Net book value |
: |
RM106,000,000 |