NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
94
THE STRAITS TRADING COMPANY LIMITED
16.
INVESTMENT PROPERTIES (CONT’D)
(f)
Details of investment properties as at 31 December 2015 are as follows:
Description of
Properties
Tenure
Unexpired
Lease Term
(year)
Site
Area
sq.m.
Net Floor
Area
sq.m.
Existing
Use
Professional
Valuers
Valuation
Method
Singapore
10 residential units
at Gallop Green
condominium
Freehold
– 3,711
(strata)
Residential
Knight Frank
Pte Ltd
Comparison
method
6A/8/8A/10/12
at Cable Road
Freehold
7,432
4,327
(gross)
Residential
Knight Frank
Pte Ltd
Comparison
method
10/10A/10B at
Nathan Road
Freehold
4,548
2,083
(gross)
Residential
Knight Frank
Pte Ltd
Comparison
method
Australia
Office building at
114 - 128 William
Street, Melbourne
Victoria 3000
Freehold
1,858 21,017
Office
Urbis
Valuations
Pty Ltd
Income
capitalisation/
Discounted
cash flow
method
China
Retail Mall at No. 186
Tongjiang Avenue,
Nan’an District,
Chongqing
Leasehold
35 24,652 35,208
(gross)
Retail
Jones Lang
LaSalle Ltd
Income
capitalisation/
Discounted
cash flow
method
Malaysia
A parcel of
residential land Lot
No. 11260, Mukim
of Hulu Kinta,
District of Kinta,
Perak
999 years
Leasehold
879 11,255
– Residential C H Williams
Talhar &
Wong
Sdn Bhd
Comparison
method
A parcel of
residential land,
Lot No. 34612
Jalan Gopeng,
Ipoh, Perak
999 years
Leasehold
878 12,892
– Residential C H Williams
Talhar &
Wong
Sdn Bhd
Comparison
method
Parcels of
commercial land,
Lot Nos. 1105 to
1110, 2122 and
2123 Town of
Seremban, District
of Seremban,
Negeri Sembilan
Freehold
3,826
– Retail C H Williams
Talhar &
Wong
Sdn Bhd
Comparison
method
