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12 Jan 2021 18:23:00
The 16th Notification for the Sale of Immovable property of Multi-National Residence Fund (MNRF)
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                Acquisition or disposition of assets

        January 8, 2021
To    The President
The Stock Exchange of Thailand
No. KorTorRor. SorOrSor. 1/2021 Re: The 16th Notification for the Sale of 
Immovable property of Multi-National Residence Fund (MNRF)
MFC Asset Management Public Company Limited, as the Management Company of 
Multi-National Residence Fund ("the Fund"), would like to notify the summary of
the sale of immovable property, details as follow:
-    Completion of transaction Date :
December 25, 2020
-    Buyer :
Unit number    Buyer
39/803    Ms.Gidarnart  Chongprawatsakul
-    Details of asset sold :
Land title deed number 68239 with two-story house number 39/803, located in the 
Nichada Thani Compound
-    Location :
Palm tree Place, Soi Nichada Thani, Samakee Road, Pakkret, Nonthaburi 11120
-    Land Area :
According to the title deed number 68239, total Land area of - Rai 1 Ngan 55.60 
-    Transaction Description :
Disposal of asset by which the total value of transaction is 2.0400 % of the net
 asset value, calculated from the financial statement as of September 30, 2020
-    Disposition Price :
Baht 22,300,000 being already paid
-    Value of assets :
            Purchase Price:
Unit number    Purchase Price
(Investment Price)    Acquisition date
39/803    18,849,976.16    May 13, 2008
            - House number 39/803 invested on May 13, 2008 with the value of Baht 
-    Book value: Appraisal value by K.T. Appraisal Company Limited as October 1, 
Unit Number    Appraisal value as of October 1, 2020 (Baht)
39/803    20,410,000.00
    Appraisal Values by 2 independent appraisers (based on income approach) :
           1) Baht 20,410,000 by K.T. Appraisal Company Limited   (valued on October 
1, 2020)
           2)  Baht 19,300,000 by Assetasia Company Limited   (valued on December  17,
-    Criteria to determine the value of transaction :
The value of transaction is determined by purchase price, and appraisal value
-    Benefits from asset disposal :
Realize gain from property appreciation
-    Plan to use the proceeds :
The Fund will proceed for capital reduction to unitholders at appropriate time.
-    Approval of transaction :
Approved by the Property Investment Committee of Management Company

Please be informed accordingly.
Sincerely yours,

(Miss Natree Panassutrakorn)
Executive Vice President                         

REIT, Property and Infrastructure Fund Department
Tel: 02-649-2000
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