CapitaLand Malaysia Mall Trust | Annual Report 2020

INDEPENDENT RETAIL MARKET OVERVIEW 4.1 RECENT SHOPPING MALL TRANSACTIONS 4.1.1 Capital Values from Shopping Centre Transactions from 2016 to 2020 State Year NLA (sq ft) Transaction Price (RM Million) Capital Value (RM psf) Purchaser W.P. Kuala Lumpur Pavilion Bukit Jalil Mall 1 2019 1,800,000 1,480.0 1,678 Regal Path Sdn. Bhd. Elite Pavilion Mall 2 2017 241,929 580.0 2,397 Pavilion Real Estate Investment Trust M3 Mall 2017 182,609 105.0 575 LBS Bina Group Bhd Selangor SStwo Mall 3 2018 460,000 180.0 391 DK-MY Properties Sdn. Bhd. AEON Mahkota Cheras Shopping Centre 4 2017 211,405 87.8 415 Foremost Wealth Management Sdn. Bhd. Empire Shopping Gallery 2017 350,000 570.0 1,629 Pelaburan Hartanah Bhd Penang 1st Avenue Mall, Georgetown 5 2019 407,076 153.0 376 Ideal United Bintang International Berhad Pahang – – – – – – Johor 1 Segamat Mall 2016 223,439 104.0 465 Hektar Real Estate Investment Trust Negeri Sembilan AEON Mall Seremban 2 2016 372,807 215.0 577 AEON REIT Investment Corp. Perak AEON Mall Kinta City 2016 530,181 208.0 392 KIP REIT Source: JLL Research, REIT Prospectuses and Annual Reports, Bursa Malaysia Announcements Source 1 The purchase consideration of RM1,480 million was for 49% stake in the under-construction 5-storey shopping mall to be known as Pavilion Bukit Jalil Mall. 2 The acquisition price includes Elite Pavilion Mall, along with related assets and rights comprised of the extension-connections, subway linkage and 50 car park bays. 3 SStwo Mall is permanently closed down since 2015 and expected to reopen as medical centre in 2021. 4 AEON Mahkota Cheras Shopping Centre is now known as BMC Mall. 5 The purchase consideration represents a discount of 30.45% from the market value of the property at RM220 million. 74 CAPITALAND MALAYSIA MALL TRUST • ANNUAL REPORT 2020