Notes to the Financial Statements - 31 December 2024 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: Description of property Tenure of land Term of lease Years Remaining term of lease Years Location Date of valuation 2024 Fair value RM 2023 Fair value RM Fair value hierarchy 1. KOMTAR JBCC ## Freehold - - Johor Bahru, Johor 31/12/2024 431,000,000 431,000,000 3 2. Menara KOMTAR ## Freehold - - Johor Bahru, Johor 31/12/2024 70,000,000 70,000,000 3 3. @Mart Kempas ## Leasehold 99 83 Johor Bahru, Johor 31/12/2024 78,000,000 78,000,000 3 4. Malaysian College of Hospitality & Management (MCHM) ## Freehold - - Johor Bahru, Johor 31/12/2024 36,200,000 36,200,000 3 5. Mydin Hypermart Gong Badak ## Leasehold 99 86 Gong Badak, Terengganu 31/12/2024 149,863,255 151,953,706 3 6. Retail unit Megamall Pinang Shopping Complex # Freehold - - Perai, Penang 31/12/2024 1,130,000 1,130,000 3 7. QSR Properties: Restaurant in shop lots a. KFC restaurant ## Freehold - - Kajang, Selangor 31/12/2024 11,200,000 11,000,000 3 b. KFC restaurant ## Freehold - - Jitra, Kedah 31/12/2024 590,000 590,000 3 c. KFC restaurant ## Leasehold 93 81 Ayer Hitam, Johor 31/12/2024 2,500,000 2,500,000 3 d. KFC restaurant # Leasehold 99 67 Bayan Lepas, Penang 31/12/2024 4,800,000 4,800,000 3 e. KFC restaurant ### Leasehold 99 72 Petaling Jaya, Selangor 31/12/2024 - 10,000,000 3 f. KFC restaurant # Leasehold 74 62 Port Dickson, Negeri Sembilan 31/12/2024 2,000,000 2,000,000 3 g. KFC restaurant ## Leasehold 99 69 Kuala Perlis,Perlis 31/12/2024 590,000 590,000 3 h. PHD restaurant ## Freehold - - Ulu Tiram, Johor 31/12/2024 1,100,000 1,100,000 3 i. PHD restaurant ## Leasehold 99 62 Kota Tinggi, Johor 31/12/2024 1,000,000 1,000,000 3 j. KFC restaurant # Leasehold 99 58 Kepong, Kuala Lumpur 31/12/2024 7,400,000 7,300,000 3 k. KFC restaurant # Freehold - - Kampar, Perak 31/12/2024 1,700,000 1,700,000 3 l. KFC restaurant # Freehold - - Jalan Raja Laut, Kuala Lumpur 31/12/2024 4,900,000 4,800,000 3 m. KFC restaurant # Freehold - - Jalan Ipoh, Kuala Lumpur 31/12/2024 10,300,000 10,300,000 3 n. KFC restaurant # Freehold - - Ipoh, Perak 31/12/2024 2,400,000 2,300,000 3 o. KFC restaurant # Leasehold 99 76 Balai Panjang, Melaka 31/12/2024 1,200,000 1,200,000 3 216 AL-SALĀM REIT ANNUAL REPORT 2024
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