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31 Jan 2017 17:21:00
Details of Properties and Valuation
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Multi-National Residence Fund
Details of Properties and its Revaluation

1. Appraiser:    CPM Capital Co.,Ltd.
2. Revaluation Date:        9th December 2016
3. Location:         
3.1   Palmtree Place Project and Nichada Garden Condominium Project are     
located in the Nichada Thani Project , Soi Samakee 29, Samakee Road, Tambon
Bangtalad, Amphor Pakkret, Nonthaburi
3.2    The Privilege Leam Chabang are located on Yuttasart-Nongkwa Tambon       
Bung, Amphur Sriracha, Chonburi Province
4.  Details of Properties    :

1. Palm Tree Place  Projects Type 2-storey single house Number
of 30 Units Appraisal Value (Baht) 489,700,000
2. Danicha Garden Condominium Projects Type 7-storey apartment  Number of 48 
Units Appraisal Value (Baht) 269,000,000
3. Nichada at Eastern Seaboard Projects Type 2-storey single house Number of 35 
Units  Appraisal Value (Baht) 341,500,000

5. Method of valuation:   The appraiser has applied the income method which 
derived from lease agreements of the fund and estimation of the net income
generated from the subject properties. Under this valuation the appraiser
applied ten-year discounted cash flow projection plus its terminal value to
indicate the property value.

6. Investors may request for more details of the appraisal report at the 
Management Company.
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