SING

4

and not

10.

The total saleable value deferred 5 years

at 7 p.a. (assuming all land disposed of in 10

years)

اشته

X

$1,341 million 0.7123

956 million

The total development costs estimated at

11.

$762 million.

12.

Development costs deferred 5 years at 7% p.a.

(assuming development time of 10 years)

$762 million

X 0.7129

$543 million

13.

The total contribution of land to the

development is therefore

14.

$956 million

$543 million = $413 million

The per square foot unit development

value is therefore

$413,000,000

$23.70

400 X 43,500

el vatan khana prodę mog

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