4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Apr. 30, 2019

Categories	Location of properties	Expected useful life
Freehold plantation land and orchard	Oil palm and durian plantation in Malaysia	Indefinite, as per land titles
Leasehold land under development	Leasehold land in Puncak Alam, Malaysia	Remaining lease life of 88 years, as per land titles
Freehold land under development	Freehold land in Sungai Long, Cheras, Selangor, Malaysia	Indefinite, as per land titles
Freehold land and land improvement for rental purpose commercial building	Land portion of 15 storey buildings in Kuala Lumpur, Malaysia	Indefinite, as per property titles
Building structure and improvements	Building structure of commercial buildings in Kuala Lumpur, Malaysia, including: 12 storey building “Megan Avenue” and 15 storey building	33 years
Office furniture and equipment		3-10 years
Motor vehicle		5 years

Name of Commercial building

Number of units

(by floor)

Footage area

(square feet)

Vacancy percentage

Megan Avenue

19,987

33%

Le Apple Boutique Hotel KLCC

(fka “Menara CMY”)

91,848

	As of and for the period ended April 30,
	2019		2018
Period-end MYR : US$1 exchange rate		4.1327		3.9224
Period-average MYR : US$1 exchange rate		4.1113		3.9833

	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
As of April 30, 2019
Marketable securities, available-for-sale	$	172,594	$	–	$	–

As of October 31, 2018
Marketable securities, available-for-sale	$	172,532	$	–	$	–

PRIME GLOBAL CAPITAL GROUP Inc 10-Q