A freehold office was let 12 years ago at a rent of RM1,800,000 per annum (net). The lease was for 15 years subject to 5-yearly rent review pattern. The required rate of return for this type of property is 12%. Value the freehold property if the All Risk Yield is 8% and gross full rental value is RM3,200,000 using the following; c) Justify the differences (variance) between Traditional Method of Valuation and Short-Cut DCF A freehold office was let 12 years ago at a rent of RM1,800,000 per annum (net). The lease was for 15 years subject to 5-yearly rent review pattern. The required rate of return for this type of property is 12%. Value the freehold property if the All Risk Yield is 8% and gross full rental value is RM3,200,000 using the following; c) Justify the differences (variance) between Traditional Method of Valuation and Short-Cut DCF