7. Determine the market value of the property below. Property type : A 14-storey office building with 4-level basement car park Tenure : 99-year leasehold interest, expiring in 2107 Date of Valuation : 2020 Net lettable area : Ground floor @ 15,000 sq.ft. Upper floors @ 10,000 sq.ft. per floor No. of car park : 170 bays Current rental rate as Ground floor is leased to P @ RM 9 per sq.ft. with an per the lease unexpired lease term of about 8 years from date of agreement : valuation. Upper floors are leased to Q @ RM 4.50 per sq.ft. with an unexpired lease term of about 6 years from date of valuation. Basement car park levels are leased to a parking operator @ RM 180 per bay per month, with an unexpired lease term of about 10 years from date of valuation. Market rental rate : Ground floor @ RM 10 per sq.ft Upper floors @ RM 5 per sq.ft. Basement car parks @ RM 220 per bay per month. Outgoings : After analysis, it is about RM 1.40 per sq.ft. per month for the office building whilst the basement car parking areas are about 10% of its gross annual rent. . . Void : Capitalisation rate : Sinking fund rate : Note : no increment in reversionary - for both types of outgoings Estimated at 5% of the gross annual rent 5.25% for term. 3.00% per annum Please make the necessary assumption, if any. 7. Determine the market value of the property below. Property type : A 14-storey office building with 4-level basement car park Tenure : 99-year leasehold interest, expiring in 2107 Date of Valuation : 2020 Net lettable area : Ground floor @ 15,000 sq.ft. Upper floors @ 10,000 sq.ft. per floor No. of car park : 170 bays Current rental rate as Ground floor is leased to P @ RM 9 per sq.ft. with an per the lease unexpired lease term of about 8 years from date of agreement : valuation. Upper floors are leased to Q @ RM 4.50 per sq.ft. with an unexpired lease term of about 6 years from date of valuation. Basement car park levels are leased to a parking operator @ RM 180 per bay per month, with an unexpired lease term of about 10 years from date of valuation. Market rental rate : Ground floor @ RM 10 per sq.ft Upper floors @ RM 5 per sq.ft. Basement car parks @ RM 220 per bay per month. Outgoings : After analysis, it is about RM 1.40 per sq.ft. per month for the office building whilst the basement car parking areas are about 10% of its gross annual rent. . . Void : Capitalisation rate : Sinking fund rate : Note : no increment in reversionary - for both types of outgoings Estimated at 5% of the gross annual rent 5.25% for term. 3.00% per annum Please make the necessary assumption, if any