232 Annual Report 2021 45. 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: (Cont’d) Property Valuation Significant unobservable category technique inputs Range Investment properties Car park Comparison method Estimated price per parking RM17,000 bay Office and shoplot Investment method Estimated price per parking RM17,000 bay Estimated outgoings per RM0.25 square feet per month Term yield 6% Education centre Investment method Estimated average rental rate RM0.85 - RM1.25 per square feet per month Estimated outgoings per RM0.05 - RM0.053 square feet per month Term yield 5% Reversionary yield 6.25% Void rate 10% 2020 Property Valuation Significant unobservable category technique inputs Range Investment properties Commercial properties Comparison method Market value per square feet RM240 Commercial properties Comparison method Market value per square feet RM70 - RM1,650 Commercial properties Cost method Construction price per square RM55 - RM120 feet Commercial properties Investment method Estimated average rental rate RM2.94 - RM3.19 per square feet per month Estimated outgoings per RM1.14 - RM1.47 square feet per month Term yield 5.75% Sinking fund 3% Void rate 7% Lease term 69 - 82 years Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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