222 Annual Report 2022 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 FAIR VALUE HIERARCHY (CONT’D) 46. Description of valuation techniques used and key unobservable inputs to valuation on investment properties measured at level 3 are as follows: (Cont’d) 2022 Property category Valuation technique Range Significant unobservable inputs Estimated average rental rate per square feet per month Education centre Investment method RM0.85 - RM1.25 Estimated outgoings per square feet per month RM0.05 - RM0.053 10% Void rate 5 Term yield 6.20% Reversionary yield 10% Void rate Estimated price per parking bay Office and shop lot Investment method RM17,000 Estimated outgoings per square feet per month RM0.25 6% Term yield Investment properties (Cont’d) 2021 Property category Valuation technique Range Significant unobservable inputs Investment properties Market value per square feet Commercial properties Comparison method RM240 Market value per square feet Commercial properties Comparison method RM120 - RM1,650 Construction price per square feet Commercial properties Cost method RM55 - RM120 Estimated price per parking bay Car park Comparison method RM17,000 Estimated average rental rate per square feet per month Commercial properties Investment method RM2.94 RM1.47 Estimated outgoings per square feet per month 15% - 30% Outgoings Rate 5.75% - 6.25% Term yield 3% Sinking fund 5% - 10% Void rate 68 - 81 years Lease term
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