The Group owned a land
bank in Hong Kong of 44.1 million square feet in terms of attributable
gross floor area, consisting of 26.1 million square feet of completed
investment properties and 18.0 million square feet of properties
under development. Of the properties under development, 13.2 million
square feet are for sale, while the other 4.8 million square feet
will be kept as long-term investments and added to the Group's
investment properties portfolio upon completion. In addition,
the Group owns about 25 million square feet of agricultural land
in the New Territories, primarily along rail
lines, the majority of which is in the process of land use conversion.
Land Bank in Hong Kong (As at March 2010)