NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
15 INVESTMENT PROPERTIES (CONT’D)
(f)
Details of investment properties as at 31 December 2014 are as follows (cont’d):
Description of
Properties
Tenure
Unexpired
Lease Term
(year)
Site
Area
sq.m.
Net Floor
Area
sq.m.
Existing
Use
Professional
Valuers
Valuation
Method
Malaysia (cont’d)
Lot Nos. 2569 and 2626,
Section 4 Town of
Butterworth, Pulau
Pinang
Freehold
6,535
– Carpark C H Williams
Talhar & Wong
Sdn Bhd
Comparison
method
Lot Nos. 2499, 189, 190
and 270, Section 4
Town of Butterworth,
Pulau Pinang;
accommodating
6 residential units,
a single-storey
bungalow with 2
annex buildings, a
single-storey club
house and 1½ storey
squash court and
vacant plots
Freehold
with two
minor
leasehold
plots
12 and 16 37,200 3,241
(gross)
Residential/
Retail/
Carpark
C H Williams
Talhar & Wong
Sdn Bhd
Comparison
method
Lot Nos. 195, 2502 and
2570, Section 4
Town of Butterworth,
Pulau Pinang;
accommodating a
3-storey club house
with a guard house,
three single-storey
bungalows with/
without annex
building and vacant
plots
Freehold
55,928 3,513
(gross)
Office/
Residential/
Club house/
Storage
yard/ Car
showroom
C H Williams
Talhar & Wong
Sdn Bhd
Comparison
method
8 units of 3-storey
shophouses, No.
4819 to 4826 Jalan
Pantai, Taman Selat,
Butterworth, Pulau
Pinang
Freehold
1,322 2,883 Commercial
C H Williams
Talhar & Wong
Sdn Bhd
Comparison
method
# Directors’ valuation was based on the indicative selling price available.
99
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
