MKH Annual Report 2019

234 A N N U A L R E P O R T 2 0 1 9 Property category Valuation technique Significant unobservable inputs Range Investment properties Commercial properties Comparison method Market value per square feet RM120 - RM1,639 Commercial properties Investment method Estimated average rental rate  per square feet per month RM3.53 - RM4.97 Estimated outgoings per square  feet per month RM1.49 - RM1.75 Term yield 6% - 7% Sinking fund 3% - 4% Void rate 10% Commercial properties Cost method Construction price per square  feet RM120 Office and shoplot Investment method Estimated price per parking bay RM17,000 - RM28,300 Estimated outgoings per square  feet per month RM0.25 Term yield 6% Void rate 5% Education centre Investment method Estimated average rental rate  per square feet per month RM0.72 - RM0.85 Estimated outgoings per square feet per month RM0.04 - RM0.05 Term yield 5% Reversionary yield 6% Void rate 10% 42. FAIR VALUE HIERARCHY (CONT’D) Description of valuation techniques used and key unobservable inputs to valuation on investment properties measured at level 3 are as follows: NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019