Skip to website navigation Skip to article navigation Skip to content

A page refresh occures when a subject is selected.

Skip article navigation.

4. Investment property under construction

 

2021

2020

As at 1 January

131

126

Capital expenditure on property under construction

105

97

Transfer from Provisions

(1)

(7)

Transfer to Investment Property

(119)

(85)

Revaluation

26

-

As at 31 December

142

131

As set out in Note 3, in arriving at their estimates of market values, the valuation experts used their market knowledge and professional judgment, rather than relying exclusively on comparable historical transaction data.

The fair value of the assets under construction is driven by the net future cash flow generated by the assets, in combination with the discount rate development. The generated cash flow includes the net rental income plus the net sales revenues from selling of individual units.