186 AL-SALAM REIT NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 (cont’d.) 10. Investment properties (cont’d.) Description of property Tenure of land Term of lease Years Remaining term of lease Years Location Date of valuation 2022 Fair value RM 2021 Fair value RM Fair value hierarchy 6. QSR Properties: Restaurant in shop lots (cont’d.) q. KFC restaurant # Freehold - - Jalan Dato Onn Jaafar, Perak 31/12/2022 4,000,000 3,400,000 3 r. KFC restaurant # Freehold - - Senawang, Negeri Sembilan 31/12/2022 1,000,000 840,000 3 s. KFC restaurant # Freehold - - Seremban, Negeri Sembilan 31/12/2022 4,400,000 3,900,000 3 t. KFC restaurant # Leasehold 999 893 Kota Kinabalu, Sabah 31/12/2022 3,000,000 2,800,000 3 u. Pizza Hut restaurant # Leasehold 99 91 Kuching, Sarawak 31/12/2022 4,000,000 4,000,000 3 v. KFC restaurant # Leasehold 99 65 Sg Buloh, Selangor 31/12/2022 1,800,000 1,600,000 3 w. KFC restaurant # Freehold - - Jalan Hang Tuah, Melaka 31/12/2022 2,300,000 2,090,000 3 Restaurants in shopping mall x. KFC Restaurant in Queensbay Mall # Freehold - - Bayan Lepas, Penang 31/12/2022 14,800,000 14,000,000 3 y. KFC Restaurant Kompleks Bukit Jambul # Freehold - - Bayan Lepas, Penang 31/12/2022 3,400,000 2,850,000 3 z. KFC Restaurant in Megamall Pinang Shopping Complex # Freehold - - Perai, Penang 31/12/2022 2,550,000 2,540,000 3 aa. Pizza Hut Restaurant in Megamall Pinang Shopping Complex # Freehold - - Perai, Penang 31/12/2022 1,120,000 1,110,000 3 Restaurants with drive-through facility bb. Pizza Hut and KFC ### Leasehold 99 42 Jalan Kuchai Lama, Kuala Lumpur 31/12/2022 14,600,000 14,500,000 3 cc. Pizza Hut and KFC ## Freehold - - Sungai Petani, Kedah 31/12/2022 6,100,000 5,300,000 3 dd. Pizza Hut and KFC ## Freehold - - Senai, Johor 31/12/2022 9,900,000 8,800,000 3 ee. Pizza Hut and KFC ## Freehold - - Taman Damansara Aliff, Johor Bahru 31/12/2022 13,000,000 12,300,000 3 ff. Pizza Hut and KFC ### Freehold - - Taman Perling, Johor Bahru 31/12/2022 15,100,000 14,000,000 3 gg. Pizza Hut and KFC ## Freehold - - Ipoh, Perak 31/12/2022 9,100,000 8,700,000 3 hh. Pizza Hut and KFC #### Leasehold 96 74 Off Jalan Kepong, Kuala Lumpur 31/12/2022 17,300,000 15,800,000 3 ii. Pizza Hut and KFC ## Leasehold 83 61 Pusat Bandar Wangsa Maju, Kuala Lumpur” 31/12/2022 28,000,000 26,700,000 3 jj. Pizza Hut and KFC ## Leasehold 99 86 Hang Tuah Jaya, Melaka 31/12/2022 10,700,000 10,700,000 3 kk. KFC # Freehold - - Bandar Seri Alam, Johor Bahru 31/12/2022 8,700,000 7,800,000 3
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