SEO Version
SABANA
74
The carrying amounts of the newly acquired investment properties as at 31 December 2011 were based on inde
as follows:
Description of property
Name of independent valuer
Date of
6 Woodlands Loop
CKS Property Consultants Pte Ltd
21 Septemb
21 Joo Koon Crescent
CKS Property Consultants Pte Ltd
25 Augu
3A Joo Koon Circle
CKS Property Consultants Pte Ltd
15 Augu
2 Toh Tuck Link
CKS Property Consultants Pte Ltd
15 Augu
39 Ubi Road 1
Knight Frank Pte Ltd
5 Augu
The Manager is of the view that the valuations of the investment properties as at 31 December 2011 remain unc
carried out at the respective dates as described above.
Investment properties comprise properties used for the purpose of high-tech industrial, chemical warehouse and l
and logistics and general industrial use. Generally, the leases contain an initial non-cancellable period of three to fve
renewals are negotiated with the lessee. With the exception of 9 Tai Seng Drive and 6 Woodlands Loop, which are l
and single lease agreements respectively, all other investment properties are leased on master lease agreements.
The accompanying notes form an integral part of these fnancial statements.
Sabana AR 2011 Financial V9.indd 74
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