Purpose: Market Value

Client: Manos Bin Suhai

Property: Lot 578
Location: Near Football Field
Zoning: Residential (Dwelling House and Necessary Appurtenances )

Comparable/ Subject Property Evidence 1 %

variables
property Lot 578 Lot 651
Address 28A, Kampung Kampung Goebilt
Goebilt, Jalan Bako,
93050, Kuching,
Sarawak.
Type of property Kampung House Bungalow
Land area, sqm 770 sqm 420sqm
Tenure Freehold Freehold
others Fronting, Jalan
Bako-Jalan
Kampung Goebilt,
(Beside Football
Field)

transaction sale MYR 49,590.00 MYR 40,000.00

rental psf/m
Date of transaction 7/6/2000 3/23/2016

Comparable/ Adjustment
Time say, 4%
MYR 41,600.00

Comparable/ Adjustment
for eg Type of property Better Off 4%
Land area, sqm Worst Off -2%
Tenure nil 0%
Location Worst Off -2%
0%

MARKET VALUE MYR 41,600.01

JUSTIFY
1)Land area for subject property is larger than comparative property.
2)Location for subject property is in peripheral layer but comparatives property is in first layer, fronting
3)The distance of subject property to Bandaraya Kuching is more nearer than comparative property.
Evidence 2 %

Lot 1808
Kampung Bako Lama,
Kuching, Sarawak.

Bungalow
124.12sqm
Freehold
Fronting Jalan
Kampung Bako

MYR 10,000.00

7/13/2020

2%
MYR 10,200.00

Better Off 4%
Worst Off -4%
nil 0%
Better Off 3%
3%

MYR 10,506.01
rty is in first layer, fronting the roads.
n comparative property.
Purpose: Market Value
Client: Manos Bin Suhai
Property: Lot 578
Location: Second layer ( Near Football Field)
Zoning: Residential (Dwelling House and Necessary Appurtenances )

Comparable/ variables Subject Property Evidence 1

property Lot 578 Lot 651

Address 28A, Kampung Goebilt, Jalan Bako, Kampung Goebilt
93050, Kuching, Sarawak.

Type of property Kampung House Bungalow

Land area, sqm 770 sqm 420sqm
Tenure Freehold Freehold
others Fronting, Jalan Bako-Jalan Kampung
Goebilt, (Beside Football Field)

transaction sale MYR 49,590.00 MYR 40,000.00

243 psf for the construction cost of bungalow property

45x35
Building area=45x35
1575
243
MYR 382,725.00 MYR 382,725.00 MYR 382,725.00
MYR 333,139.00 MYR 344,300.00
Land value psf after analysis RM432.65 MYR 819.76

Date of transaction 7/6/2000 3/23/2016

Comparable/ Adjustment
Obsolences Nil (Have been renovated this year) Worst Off

MYR 309,870.00

Valuation using cost method: Land Value + Building value

Site Value 770 432.65
Building value 1575 243
% Evidence 3 %

Lot 1808
Kampung Bako Lama,
Kuching, Sarawak.

Bungalow
124.12sqm
Freehold
Fronting Jalan Kampung
Bako

MYR 10,000.00

MYR 382,725.00
MYR 372,725.00
MYR 3,002.94

7/13/2020

10% Worst Off 7%

10% 7%
MYR 398,815.75
MYR 333,141
382725
MYR 715,866
Purpose: Market Value
Client: Manos Bin Suhai
Property: Lot 578
Location: Near Football Field
Zoning: Residential (Dwelling House and Necessary Appurtenances )

Comparable/ variables Subject Property Evidence 1 % Evidence 2 %

property Lot 578 Lot 651 Lot 1808

Address 28A, Kampung Kampung Kampung Bako
Goebilt, Jalan Goebilt Lama, Kuching,
Bako, 93050, Sarawak.
Kuching,
Sarawak.

Type of property Kampung House Bungalow Bungalow

Land area, sqm 770 sqm 420sqm 124.12sqm
Tenure Freehold Freehold Freehold
others Fronting, Jalan Fronting Jalan
Bako-Jalan Kampung Bako
Kampung Goebilt,
(Beside Football
Field)

transaction sale MYR 49,590.00 MYR 40,000.00 MYR 10,000.00

Gross Rental (Monthly) MYR 1000.00 MYR 400.00
12 12
Gross Rental (annual p.a) MYR 12,000.00 MYR 4,800.00
Outgoings -2% -2%
Net Income MYR 11,760.00 MYR 4,704.00
 Date of transaction 7/6/2000 3/23/2016 7/13/2020

Analysis Transaction CV=NI X YP 29.40% 47.04%

YP= 1/i 0.034 0.021

Comparable/ Adjustment
for eg Location Better Off 4% Better Off 4%
Land area, sqm Worst Off -2% Worst Off -4%
Type nil 0% nil 0%
Business Location Worst Off -2% Better Off 3%
0% 3%

MARKET VALUE MYR 11,760.00 MYR 4,845.12

Value Using Comparison Method

Bungalow@ psm MYR 243.00 MYR 11,760.00 MYR 2,857,680.00

say, Market Value of this commercial property is at MYR 2,857,680.00

Market Value of the subject property: assumption on value based on analysis on STEP 3
Current Market rent as at 2020 @ p.a 420000 21000 tenanted area sq. m = 420
market rental Rent/m2 1000
YP perp at XX% 26.32% ARY % @ 4

Capital Value (gross) MYR 110,526.32 say

Capital Value (net) MYR 105,000.00 say
assumption on value based on analysis on STEP 3.1:
tenanted area sq. m = 420 bungalow
market rental Rent/m2 1000
ARY % @ 4
n analysis on STEP 3.1:
bungalow