4. Investment property
The investment property is made up as follows:
2023 | 2022 | |
Investment property as at 1 January | 9,449 | 9,540 |
Capital expenditure on owned property | 79 | 65 |
Transfer from property under construction | 57 | 76 |
Property sales | (39) | (48) |
Right of use assets (land leases) | (19) | 3 |
Revaluation | (853) | (187) |
Investment property as at 31 December | 8,674 | 9,449 |