Al-`Aqar Healthcare REIT Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS 11. INVESTMENT PROPERTIES (CONTINUED) A summary of the investment properties of the Group and the Fund, as required to be disclosed by the SC Guidelines, are as follows: The Group and the Fund Remaining 2018 2017 Description of property Tenure Term of term of Date of Fair value Fair value Fair value of land lease lease Location valuation RM RM hierarchy KPJ Ampang Puteri Specialist Hospital #** Leasehold 99 71 Ampang 31 December 2018 135,000,000 135,000,000 3 KPJ Damansara Specialist Hospital #** Freehold - - Damansara 31 December 2018 131,000,000 121,700,000 3 KPJ Johor Specialist Hospital #** Leasehold 99 61 Johor Bahru 31 December 2018 120,000,000 116,800,000 3 KPJ Ipoh Specialist Hospital #* Leasehold 999 876 Ipoh 31 October 2018 76,100,000 73,000,000 3 Puteri Specialist Hospital #** Leasehold 99 37 Johor Bahru 31 December 2018 42,000,000 43,000,000 3 KPJ Selangor Specialist Hospital #** Leasehold 99 78 Shah Alam 31 December 2018 80,000,000 80,800,000 3 Kedah Medical Centre #** Freehold - - Alor Setar 31 December 2018 52,000,000 51,700,000 3 KPJ Perdana Specialist Hospital #* Leasehold 66 46 Kota Bharu 29 October 2018 45,000,000 45,000,000 3 Kuantan Specialist Hospital #* Freehold - - Kuantan 16 November 2018 20,500,000 21,700,000 3 Sentosa Medical Centre #* Freehold - - Kuala Lumpur 31 October 2018 30,000,000 30,000,000 3 KPJ Kajang Specialist Hospital #* Freehold - - Kajang 30 October 2018 50,600,000 48,400,000 3 Taiping Medical Centre #** Leasehold 99 70 Taiping 31 December 2018 10,000,000 10,000,000 3 Damai Specialist Hospital #** Leasehold 99 55 Kota Kinabalu 31 December 2018 15,100,000 15,200,000 3 KPJ College, Bukit Mertajam #** Freehold - - Bukit Mertajam 31 December 2018 16,200,000 16,200,000 3 Tawakal Health Centre #* Leasehold 99 59 Kuala Lumpur 1 November 2018 48,400,000 47,000,000 3 KPJ Healthcare University College, Nilai New Building* Freehold - - Seremban 1 November 2018 105,400,000 100,600,000 3 KPJ Seremban Specialist Hospital #* Freehold - - Seremban 15 November 2018 69,500,000 66,300,000 3 KPJ Penang Specialist Hospital #** Freehold - - Bukit Mertajam 31 December 2018 63,000,000 64,000,000 3 KPJ Tawakkal Specialist Hospital #* Freehold - - Kuala Lumpur 30 October 2018 135,200,000 127,900,000 3 Kluang Utama Specialist Hospital #** Leasehold 99 82 Kluang 31 December 2018 5,000,000 4,300,000 3 KPJ Klang Specialist Hospital #* Leasehold 99 75 Klang 5 November 2018 103,300,000 101,500,000 3 Total for the Fund 1,353,300,000 1,320,100,000 Jeta Garden Aged Care Facility and Retirement Village*** Freehold - - Queensland 7 December 2018 132,426,800 139,603,200 3 Total for the Group 1,485,726,800 1,459,703,200 # The investment properties amounting to RM1,231,700,000 (2017: RM1,239,400,000) are used to secure against Islamic Medium Term Notes (“IMTNs”) issued by a subsidiary company as disclosed in Note 17. * Based on valuation carried out by independent professional valuer, Messrs. Henry Butcher. ** Based on valuation carried out by independent professional valuer, Messrs. Knight Frank. *** Based on valuation carried out by independent professional valuer, Messrs. Cheston. FINANCIAL REPORTS 129 FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 (CONTINUED)