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Depok Town Square UnitsJalan Margonda Raya No. 1, Pondok Cina Beji, Depok, Greater JakartaBrief description . . . . . . . . . . . . . . . .The Depok Town Square Units comprise four strata units on partof the lower ground floor, first floor and second floor of DepokTown Square, one of the newest and most comprehensive mallsin Depok.The Depok Town Square Units are currently occupied byHypermart, Matahari Department Store and Timezone.Locality information . . . . . . . . . . . . . .Depok is located in the West Java province, situated betweensouthern Jakarta and the northern side of Bogor regency. Thecity is located approximately 16 km south of Jakarta’s CBD.Depok is renowned as the city of students, being home to fourlarge universities (University of Indonesia, GunadarmaUniversity, Tugu Polytechnic and Jakarta Polytechnic).Depok’s population is estimated at 1.5 million in 2007 and hasshown strong population growth, averaging 3.3% per annumbetween 2000 and 2005.In line with city population growth, the commercial area of Depokhas been growing rapidly for the last few years, as evidenced bya number of modern shopping centre developments andcommercial buildings built along the main road of Depok,Jalan Margonda Raya.Depok Town Square is located on Jalan Margonda Raya,adjacent to the south eastern side of University of Indonesia,a prominent university in Indonesia. The centre has directaccess to Pondok Cina Railway Station at its rear entrance,and therefore connects the station to Jalan Margonda Raya.Title . . . . . . . . . . . . . . . . . . . . . . . . . .Depok Town Square Units are constructed on HGB titles and arecurrently exclusively controlled by Matahari pursuant to KiosksSale and Purchase Binding Agreement:(i) No. 031/AGR/DM/MPP/XII/02, dated 19 December 2002entered into between Matahari and Coldwell BankerDwimustika Mas; and(ii)No. 012/JPN-PPJB/II/04, dated 11 February 2004, enteredinto between Matahari and PT Jagat Pertala Nusantara.Year of building completion . . . . . . . . 2005Appraised value by Knight Frank as at30 June 2007 . . . . . . . . . . . . . . . . . . S$25.7 millionAppraised value by Colliers as at30 June 2007 . . . . . . . . . . . . . . . . . . S$24.8 millionNLA as at 30 June 2007 . . . . . . . . . . 13,045 sq m (1)These Kiosks Sale and Purchase Binding Agreements areevidence of the parties’ intention to effect the sale andpurchase of strata units, but do not have the effect oftransferring ownership. The strata titles are in the process ofbeing issued by the local land office. Upon issuance, the stratatitles will be purchased by the relevant Retail Space IndonesianSPC.(See “Business and Properties—Depok Town Square Units”.)36