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Address/Location : Pangkor Laut Island, 32200 Lumut, Perak Darul Ridzuan
Property description : 36 units of Garden Villas, 52 units of Hill Villas, 8 units of Beach Villas and 1 unit of Pavarotti Suite.
Property type : Resort
Age : Approximately 30 years
Title details : PN 313713, Lot 12362 and PN 313715, Lot 12364, both in Mukim of Lumut, District of Manjung, State of Perak Darul Ridzuan.
Encumbrances/Limitation in title/ interest : The property is free from encumbrances and there is restriction attached to the title.
Status of holdings : 99-year registered lease expiring on 21 May 2095 obtained from Perbadanan Kemajuan Negeri Perak. The unexpired lease period is approximately 72 years.
Existing use : Commercial Building
Parking spaces : Not applicable
Lessee : Syarikat Pelanchongan Pangkor Laut Sendirian Berhad.
Lease term : The property is leased for a term expiring on 14 November 2026.
Date of acquisition : 15 November 2011
Cost of acquisition (including incidentals) : RM98,365,000
Fair value adjustments for the financial year : RM2,000,000
Market value : RM124,000,000
Date of latest valuation : 31 May 2023
Independent valuer : Azmi & Co Sdn Bhd
Net book value : RM124,000,000