NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2023 10. Investment properties (Cont’d) A summary of the investment properties of the Group and of the Fund, as required to be disclosed by the SC Guidelines, is as follows (Cont’d): Description of property Tenure of land Term of lease Years Remaining term of lease Years Location Date of valuation 2023 Fair value RM 2022 Fair value RM Fair value hierarchy KPJ Penang Specialist Hospital ### Freehold - - Bukit Mertajam 31 December 2023 65,000,000 65,000,000 3 KPJ Tawakkal KL Specialist Hospital ### Freehold - - Kuala Lumpur 31 December 2023 139,000,000 139,000,000 3 KPJ Haemodialysis Kluang Leasehold 99 77 Kluang 31 December 2023 4,800,000 4,700,000 3 KPJ Klang Specialist Hospital ### Leasehold 99 69 Klang 31 December 2023 104,000,000 104,000,000 3 KPJ Batu Pahat Specialist Hospital # Freehold - - Batu Pahat 31 December 2023 68,450,245 70,815,084 3 KPJ Pasir Gudang Specialist Hospital #### Leasehold 99 85 Pasir Gudang 31 December 2023 90,000,000 90,000,000 3 Total for the Fund 1,632,750,245 1,636,015,084 Jeta Gardens Aged Care & Retirement Village Freehold - - Queensland 31 December 2023 10,470,090 85,266,300 3 Total for the Group 1,643,220,335 1,721,281,384 # The investment properties amounting to RM110,450,245 (2022: RM112,815,084) are used to secure against Commodity Murabahah Term Financing-i (“CMTF-i”) issued by the Fund as disclosed in Note 17. The amount of RM110,450,245 represents the fair value of KPJ Batu Pahat Specialist Hospital and KPJ Healthcare University, Nilai New Building (residential) amounting to RM68,450,245 (2022: RM70,815,084) and RM42,000,000 (2022: RM42,000,000) respectively. ## The investment properties amounting to RM74,000,000 (2022: RM74,100,000) are used to secure against Commodity Murabahah Term Financing-II (“CMTF-ii”) issued by the Fund as disclosed in Note 17. The amount of RM74,000,000 represents the fair value of KPJ International College, Penang and KPJ Healthcare University, Nilai New Building (commercial) amounting to RM14,000,000 (2022: RM14,100,000) and RM60,000,000 (2022: RM60,000,000) respectively. ### The investment properties amounting to RM1,115,000,000 (2022: RM 1,103,400,000) are used to secure against Commodity Murabahah Term Financing-III (“CMTF-iii”) issued by the Fund as disclosed in Note 17. #### The investment properties amounting to RM272,500,000 (2022: RM272,500,000) are used to secure against Revolving Credit-i (“RC - I”) and Term Financing-i (“TF - I”) issued by the Fund as disclosed in Note 17. * Based on valuation carried out by independent professional valuer, Messrs. CBRE. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023 FINANCIAL STATEMENTS 1 2 3 4 5 207
RkJQdWJsaXNoZXIy NDgzMzc=