YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 252 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 17. INVESTMENT PROPERTIES Investment properties are stated at fair value, which were determined based on valuations at the reporting date using the market comparison approach. Group 2024 RM million 2023 RM million At 31 January 15 15 The Group uses assumptions that are based on market conditions existing at the end of each reporting period. The fair value of investment properties were estimated by management based on market evidence of transaction prices for similar properties, adjusted for differences in key attributes such as property size, view and quality of interior fittings. Fair value is determined using Level 3 inputs (defined as unobservable inputs for asset or liability) in the fair value hierarchy of MFRS 13 Fair Value Measurement (Note 39(a)). Changes in fair value are recognised in profit or loss during the reporting period in which they are reviewed. The fair value measurements using Level 3 inputs are as follows: Valuation technique Significant unobservable input Price per square foot RM/psf 2024 2023 Residential properties Market comparison approach 655 - 1,133 655 - 1,133 Sensitivity to significant unobservable inputs Changes in the price per square foot by 5% are not expected to result in a significant change in fair value of the investment properties of the Group.
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