(b) the method and significant assumptions applied in determining the fair value of each real estate asset including a statement whether the determination of fair value was supported by market evidence or was more heavily based on other factors (which the real estate mutual fund scheme should disclose) because of the nature of the asset and lack of comparable data.

(c) the use of two approved valuers and the extent to which the fair value determined is based on the lower of the two valuations done of the approved valuers having recent experience in the category of the real estate asset being valued.

(d) the existence and amount of restrictions on the realisability of real estate asset or the remittance of income and proceeds of disposal.

(e) When the lower valuation obtained from the two approved valuers is adjusted significantly for the purpose of the balance sheet, for example to avoid double-counting of assets or liabilities that are reconginsed as separate assets or liabilities, the real estate mutual fund scheme should disclose the reconciliation between the so selected lower valuation and the adjusted valuation shown in the balance sheet.

(f) In case where a real estate mutual fund scheme measures a real estate asset using the cost model [as mentioned in paragraph (vii) of Explanationin Part B of the Ninth Schedule], the reconciliation required as per item (a) of this paragraph shall disclosed amounts relating to that real estate asset separately from the amounts relating to other real estate assets. In addition, a real estate mutual fund scheme shall disclosed :