Reference is made to the announcement dated 11 July 2018 in relation to the Acquisitions of 100% of Shareholding Interest in Eminent Sdn. Bhd. and Scanrite Sdn. Bhd. by its subsidiary company, ATTA Properties Sdn. Bhd. (“APSB” or “Purchaser”), a wholly-owned subsidiary of ATTA, the Board of Director of ATTA wishes to disclose additional informations as belows:

1)  Method of valuation of the Scanrite land is using comparison method

2)  Overview and outlook of the property market

     (a)  Penang

            The property market performance in Penang remained soften in first half of 2017.  The review period registered 7,884 transactions with a total value RM4.07 billion, down by 13.9% in volume and 13.5% in value (first half of 2016: 9,157 transactions worth RM4.7 billion). Residential sub-sector spearheaded the overall market, accounting for 72.3% of the state’s property market volume. This was followed by the agricultural (8.9%), commercial (8.9%), development land (7.9%) and industrial sub-sectors (2.1%).

            Market activity was on a downtrend across all sub-sectors with exception development land, which grew by 2.5%. Agriculture sub-sector led the downward trend by 19.7% and followed by industrial (-17.9%), residential (-14.9%) and commercial (-9.9%) sub-sectors. In terms of value, all sub-sectors recorded contraction.

(Source: Malaysian Property Market First (1st) Half 2017, Property Market Valuation Property Services Department, Ministry of Finance Malaysia)

      (b)  Kedah

            The property market in Kedah softened in first half of 2017. There were 14,197 transactions worth RM2.54 billion recorded in the review period, indicating a drop of 11.9% and 13.1% in volume and value respectively (first half of 2016: 16,118 transactions worth RM2.92 billion). The residential sub-sector remained the leading sub-sector, dominating 43.6% of total transactions, followed by agriculture sub-sector with 42.1%, development land (9.7%), commercial (3.8%) and industrial (0.9%) sub-sectors.

            Market activity generally moderated except for commercial sub-sector which increased by 4.5%. Other sub-sectors recorded downtrend, led by industrial sub-sector (-33.3%) development land (-18.7%), residential (-14.8%) and agriculture (-7.6%). In terms of value, all sub-sectors witnessed similar trend.

(Source: Malaysian Property Market First (1st) Half 2017, Property Market Valuation Property Services Department, Ministry of Finance Malaysia)

This amended announcement is dated 13 July 2018.