DATE OF VALUATION

PURPOSE OF VALUATION
METHOD
BASIS

10/6/2016
Fire Insurance
Cost Method
Reinstatement

RCN: GROSS FLOOR AREA X COST NEW

RCN

233,200 sf

RM

less(-)
Cost of foundation
Substruture
i)Piling
ii)Work below lowest floor

add(+)

Incidental cost
i)Preliminary Cost
ii)Debris removal
iii)Professional fees

RM
RM

3,840,000.00
640,000.00
4,480,000.00

2% x
40,000 sf x RM
12% x

Inflation for

ASSUMPTION
1.Percentage of 14%(portion from total construction cost) of is from old construction cost
2.Percentage of 2% for preliminary cost is from old construction cost
3.RM14psf for debris removal based on price index QS
4. The recontruction is taken 2 years to completed
LOSS OF RENTAL INCOME
Car park
add(+)
NLA
Ground Floor
i)Bankin
ii)Showroom
First Floor
2nd floor-19th floor

265.00 unit @

4,000.00
4,000.00
9,000.00
162,000.00

sf @
sf @
sf @
sf @

less(-)
service charge

179,000.00 x

220 psf

51,304,000.00

14%
RCN W/OUT FOUNDATION
44,121,440.00
14.00
44,121,440.00

672,162.56
560,000.00
5,294,572.80
2

years

5%
say

7,182,560.00
44,121,440.00

6,526,735.36
50,648,175.36
1.1025
55,839,613.34
55,840,000.00

nstruction cost

RM

1,440.00

RM
RM
RM
RM

5.20
5.20
4.00
4.00

249,600.00
249,600.00
36,000.00
648,000.00
1,183,200.00

RM

1.20

214,800.00

Total lost rental income

381,600.00

968,400.00
1,350,000.00
2 years
2,700,000.00