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13 Feb 2020 17:38:00
Details of Properties and Valuation
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                MFC Patong Heritage Property Fund
Details of Properties and Valuation
1.       Appraiser     :  SouthEast Asia International Co.,Ltd.
2.        Valuation Date     :  September 1, 2019
3.     Location    :  183 units in Patong Night Plaza Condominium, locate at 205/16 
Soi Fah Prathan, Ratuthit
                   Songroipi Road, Paton, Kathu District, Phuket
4.     Details of Properties:
Projects    Type    Number    Appraisal Value (THB)
            SouthEast Asia International Co.,Ltd.
Patong Heritage
Hotel    Condominium units
(currently running a hotel business under the title "Patong Heritage Hotel")    183
 Units    843,000,000 THB
    Land and building    55.6 Sq. Wah    
5.    Method of Valuation:    The appraiser has applied the income method according to
 the Fund's structure
which derived from an estimation of the net income generated from the subject
properties. Under this valuation the appraiser applied 10-year discounted cash
flow projection plus its terminal value to indicate the property value
6.   Appraisal Value
The appraisal value under the income method according to Fund's structure is 
843,000,000 THB.

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

Property and Infrastructure Fund Department
Tel. 02-649-2000
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