Question: RBB2 Bhd is performing a fair value measurement for its investment properties. The company measures its fair value using prices per square metre derived from

RBB2 Bhd is performing a fair value measurement for its investment properties. The company measures its fair value using prices per square metre derived from prices observed in transactions involving similar buildings in the same geographical areas.

Based on the above situation, identify the appropriate level of fair value hierarchy under MFRS 13 Fair Value Measurement.

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