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Address/Location : No. 168, Jalan Imbi, 55100 Kuala Lumpur.
Property description : 60 units of hotel suites, 4 levels of commercial podium, 1 level of facilities deck and 2 levels of basement car parks, all located on part of a 38-storey block.
Property type : Serviced Apartment
Age : Approximately 18 years
Title details : Grant No. 47693 for Lot No. 1308 Section 67, Town and District of Kuala Lumpur, State of Wilayah Persekutuan Kuala Lumpur.
Encumbrances/Limitation in title/ interest : The property is charged to secure financing and there is no restriction attached to the title.
Status of holdings : Freehold
Existing use : Commercial Building
Parking spaces : Total combined 189 bays from Parcel 1 and Parcel 2
Lessee : Star Hill Hotel Sdn. Bhd.
Lease term : The property is leased for a term expiring on 30 June 2031.
Date of acquisition : 16 May 2007
Cost of acquisition (including incidentals) : RM125,000,000
Fair value adjustments for the financial year : RM1,690,000
Market value : RM218,000,000
Date of latest valuation : 31 May 2023
Independent valuer : Savills (Malaysia) Sdn Bhd
Net book value : RM218,000,000