MKH BERHAD | ANNUAL REPORT 2023 271 46. 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 category Valuation technique Significant unobservable inputs Range 2022 Investment properties Commercial properties Comparison method Market value per square feet RM240 Commercial properties Comparison method Market value per square feet RM120 - RM1,650 Commercial properties Cost method Construction price per square feet RM55 - RM120 Commercial properties Investment method Estimated average rental rate per square feet per month RM2.86 Estimated outgoings per square feet per month RM2.00 Outgoings rate 15% - 30% Term yield 5.75% - 6.25% Sinking fund 3% Void rate 10% - 12.5% Lease term 67 - 80 years Car park Comparison method Estimated price per parking bay RM17,000 - RM25,000 Office and shoplot Investment method Estimated price per parking bay Estimated outgoings per square feet per month RM17,000 RM0.25 Term yield 6% Office and shoplot Comparison method Market value per square feet RM187 - RM790 Education centre Investment method Estimated average rental rate per square feet per month RM0.85 - RM1.25 Estimated outgoings per square feet per month RM0.05 - RM0.053 Term yield 5% Reversionary yield 6.20% Void rate 10% NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
RkJQdWJsaXNoZXIy NDgzMzc=