Al-`Aqar Healthcare REIT Annual Report 2020

Financial Reports 137 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 (cont’d): Remaining Fair Tenure Term of term Date of 2020 2019 value Description of property of land lease of lease Location valuation Fair value Fair value hierarchy Years Years RM RM Kluang Utama Specialist Hospital #** Leasehold 99 80 Kluang 31 December 2020 4,700,000 5,000,000 3 KPJ Klang Specialist Hospital #* Leasehold 99 73 Klang 31 December 2020 104,800,000 103,600,000 3 KPJ Batu Pahat Specialist Hospital ##**** Freehold - - Batu Pahat 31 December 2020 77,156,199 78,000,000 3 Total for the Fund 1,446,376,199 1,449,400,000 Jeta Gardens Aged Care Facility and Retirement Village *** Freehold - - Queensland 31 December 2020 88,124,850 120,414,000 3 Total for the Group 1,534,501,049 1,569,814,000 # The investment properties amounting to RM1,247,320,000 (2019: RM1,249,200,000) are used to secure against Islamic Medium Term Notes (“IMTNs”) issued by a subsidiary company as disclosed in Note 18. ## The investment properties amounting to RM122,000,000 (2019: RM119,500,000) are used to secure against Commodity Murabahah Term Financing-i (“CMTF-i”) issued by the Fund as disclosed in Note 18. The amount of RM122,000,000 represents the fair value of KPJ Batu Pahat Specialist Hospital and KPJ Healthcare University College, Nilai New Building (residential) amounting to RM80,000,000 and RM42,000,000 respectively. ### The investment properties amounting to RM79,900,000 (2019: RM NIL) are used to secure against Commodity Murabahah Term Financing-II (“CMTF-ii”) issued by the Fund as disclosed in Note 18. The amount of RM79,900,000 represents the fair value of KPJ International College, Penang and KPJ Healthcare University College, Nilai New Building (commercial) amounting to RM15,400,000 and RM64,500,000 respectively. * Based on valuation carried out by independent professional valuer, Messrs. Henry Butcher. ** Based on valuation carried out by independent professional valuer, Messrs. Knight Frank. *** Based on valuation carried out by independent professional valuer, Messrs. CBRE. **** Based on valuation carried out by independent professional valuer, Messrs. Cheston International (KL). Notes to the Financial Statements For the Year Ended 31 December 2020