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Real Estate Held For Investment
 3 Months Ended
Mar. 31, 2018
Real Estate Investment Property, Net [Abstract]  
Real Estate Held For Investment

NOTE 5 - REAL ESTATE HELD FOR INVESTMENT

 

    As of     As of  
    March 31, 2018     December 31, 2017  
    (Unaudited)        
Office properties   $ 891,227     $ 851,120  
Furniture and fixtures     60,538       57,814  
Office equipment     16,212       15,378  
Leasehold improvement     78,754       75,210  
      1,046,731       999,522  
Less: Accumulated depreciation and amortization     (145,310 )     (130,538 )
Total   $ 901,421     $ 868,984  

 

Real estate held for investment represents three office units located in two commercial buildings in Kuala Lumpur, Malaysia. Two adjoining offices in one building are used or rented by the Company, and one office in another building is rented. Depreciation and amortization expense, classified as cost of rental, was $8,553 and $7,121 for the three months ended March 31, 2018 and 2017, respectively. At March 31, 2018, the Company’s real estate held for investment was pledged to banks as security collateral for loans of $638,349 (see Note 7).