222 AL-SALĀM REIT NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 ANNUAL REPORT 2023 10. Investment properties (cont'd.) Remaining Fair Tenure Term of term Date of 2023 2022 value Description of property of land lease of lease Location valuation Fair value Fair value hierarchy Years Years RM RM 7. QSR Properties (cont'd.): Restaurants with drive- through facility (cont'd.) ii. Pizza Hut and KFC ## Leasehold 99 86 Hang Tuah Jaya, 31/12/2023 10,700,000 10,700,000 3 Melaka jj. KFC # Freehold - - Bandar Seri Alam, 31/12/2023 8,900,000 8,700,000 3 Johor Bahru kk. KFC # Leasehold 991 889 Skudai, Johor 31/12/2023 9,400,000 9,400,000 3 ll. KFC # Freehold - - Georgetown, Penang 31/12/2023 26,000,000 26,000,000 3 mm.Pizza Hut and KFC # Freehold - - Kepala Batas, Penang 31/12/2023 7,900,000 7,800,000 3 nn. Pizza Hut and KFC # Leasehold 99 86 Puchong Perdana 31/12/2023 15,300,000 15,100,000 3 Selangor oo. Pizza Hut and KFC # Freehold - - Seremban 31/12/2023 8,700,000 8,500,000 3 Negeri Sembilan pp. KFC # Leasehold 99 89 Jasin, Melaka 31/12/2023 4,600,000 4,300,000 3 8. Warehouse and factory qq. Warehouse ## Freehold - - Simpant Ampat 31/12/2023 1,600,000 1,600,000 3 Penang rr. Warehouse and Leasehold 99 74 Kota Kinabalu, 31/12/2023 3,000,000 3,000,000 3 factory # Sabah ss. Warehouse ## Leasehold 99 65 Pelabuhan Klang, 31/12/2023 51,500,000 50,000,000 3 Selangor tt. Warehouse and Leasehold 99 65 Pelabuhan Klang, 31/12/2023 30,000,000 28,000,000 3 factory ## Selangor uu. Warehouse and Freehold - - Shah Alam, 31/12/2023 66,100,000 63,000,000 3 factory ### Selangor vv. Warehouse # Leasehold 999 879 Kota Kinabalu, 31/12/2023 4,800,000 4,700,000 3 Sabah 1,239,013,706 1,224,173,346 # The investment properties amounting to RM168,780,000 (2022: RM165,070,000) are used to secure against Term Financing-I (“TF-i”) issued by the Fund as disclosed in Note 17. ## The investment properties amounting to RM946,133,706 (2022: RM938,103,346) are used to secure against Islamic Medium Term Notes (“IMTNs”) issued by the subsidiary as disclosed in Note 17.
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