NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 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 2021 Fair value RM 2020 Fair value RM Fair value hierarchy KPJ Seremban Specialist Hospital Leasehold - - Seremban 31 December 2021 75,000,000 69,200,000 3 KPJ Penang Specialist Hospital ### Freehold - - Bukit Mertajam 31 December 2021 65,000,000 64,000,000 3 KPJ Tawakkal Specialist Hospital ### Freehold - - Kuala Lumpur 31 December 2021 139,000,000 139,800,000 3 KPJ Haemodialysis Kluang Leasehold 99 79 Kluang 31 December 2021 4,700,000 4,700,000 3 KPJ Klang Specialist Hospital ### Leasehold 99 71 Klang 31 December 2021 104,000,000 104,800,000 3 KPJ BatuPahat Specialist Hospital # Freehold - - Batu Pahat 31 December 2021 74,312,398 77,156,199 3 Total for the Fund 1,451,912,398 1,446,376,199 Jeta Gardens Aged Care & Retirement Village Freehold - - Queensland 31 December 2021 86,298,000 88,124,850 3 Total for the Group 1,538,210,398 1,534,501,049 # The investment properties amounting to RM116,312,398 (2020: RM119,156,199) are used to secure against Commodity Murabahah Term Financing-i (“CMTF-i”) issued by the Fund as disclosed in Note 18. The amount of RM116,312,398 represents the fair value of KPJ Batu Pahat Specialist Hospital and KPJ Healthcare University College, Nilai New Building (residential) amounting to RM74,312,398 (2020: RM77,156,199) and RM42,000,000 (2020: RM42,000,000) respectively. ## The investment properties amounting to RM74,600,000 (2020: RM79,900,000) are used to secure against Commodity Murabahah Term Financing-II (“CMTF-ii”) issued by the Fund as disclosed in Note 18. The amount of RM74,600,000 represents the fair value of KPJ International College, Penang and KPJ Healthcare University College, Nilai New Building (commercial) amounting to RM14,600,000 (2020: RM15,400,000) and RM60,000,000 (2020: RM64,500,000) respectively. ### The investment properties amounting to RM1,103,500,000 (2020: RM NIL) are used to secure against Commodity Murabahah Term Financing-III (“CMTF-iii”) issued by the Fund as disclosed in Note 18. * Based on valuation carried out by independent professional valuer, Messrs. CBRE. GOVERNANCE STRUCTURE FINANCIAL REPORTS 175 FI AN AL R PO S STRATEGIC PERFORMANCE CORPORATE OVERVIEW THE DRIVING FORCES SUSTAINABILITY STATEMENT
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