NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
95
ANNUAL REPORT 2015
16.
INVESTMENT PROPERTIES (CONT’D)
(f)
Details of investment properties as at 31 December 2015 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. 197 and 199,
Section 4 Town of
Butterworth, Pulau
Pinang
Freehold
7,949
–
Retail C H Williams
Talhar &
Wong
Sdn Bhd
Comparison
method
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
11 and 15 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
