Al-`Aqar Healthcare REIT Annual Report 2019

Al-`Aqar Healthcare REIT 06 FINANCIAL STATEMENT 141 Description of property Tenure of land Term of lease Remaining term of lease Location Date of valuation 2019 Fair value RM 2018 Fair value RM Fair value hierarchy Tawakal Health Centre #* Leasehold 99 58 Kuala Lumpur 31 December 2019 48,400,000 48,400,000 3 KPJ Healthcare University College, Nilai New Building ## Freehold - - Seremban 31 December 2019 105,900,000 105,400,000 3 KPJ Seremban Specialist Hospital #* Leasehold - - Seremban 31 December 2019 69,600,000 69,500,000 3 KPJ Penang Specialist Hospital #** Freehold - - Bukit Mertajam 31 December 2019 64,000,000 63,000,000 3 KPJ Tawakkal Specialist Hospital #* Freehold - - Kuala Lumpur 31 December 2019 138,700,000 135,200,000 3 Kluang Utama Specialist Hospital #** Leasehold 99 81 Kluang 31 December 2019 5,000,000 5,000,000 3 KPJ Klang Specialist Hospital #* Leasehold 99 74 Klang 31 December 2019 103,600,000 103,300,000 3 KPJ Batu Pahat Specialist Hospital ##** Freehold - - Batu Pahat 31 December 2019 78,000,000 - 3 Total for the Fund 1,449,400,000 1,353,300,000 Jeta Gardens Aged Care Facility and Retirement Village *** Freehold - - Queensland 31 December 2019 120,414,000 132,426,800 3 Total for the Group 1,569,814,000 1,485,726,800 # The investment properties amounting to RM1,249,200,000 (2018: RM1,231,700,000) are used to secure against Islamic Medium Term Notes (“IMTNs”) issued by a subsidiary company as disclosed in Note 17. ## The investment properties amounting to RM119,500,000 (2018: RMNIL) are used to secure against Commodity Murabahah Term Financing-i (“CMTF-i”) issued by the Fund as disclosed in Note 17. The amount of RM119,500,000 represents the fair value of KPJ Batu Pahat Specialist Hospital and KPJ Healthcare University College, Nilai New Building (residential) amounting to RM78,000,000 and RM41,500,000 respectively. * Based on valuation carried out by independent professional valuer, Messrs. Henry Butcher. Notes To The Financial Statements For The Financial Year Ended 31 December 2019 (Continued) 11. INVESTMENT PROPERTIES (CONTINUED) The Group and the Fund (Continued)