Investment Properties – Chinese Mainland Overview The property portfolio in the Chinese Mainland comprises an aggregate of 22.8 million square feet of space, 14.8 million square feet of which is attributable to the Group. Completed properties amount to approximately 14.1 million square feet, with 8.7 million square feet under development. Total attributable gross rental income from investment properties in the Chinese Mainland was HK$3,054 million in the first half of 2023. At 30th June 2023, the investment properties in the Chinese Mainland were valued at HK$106,027 million. Of this amount, the Group’s attributable interest was HK$76,780 million. Chinese Mainland Property Portfolio (1) GFA (sq. ft.) (100% Basis) Investment Under Attributable Total Properties Hotels Planning Interest Completed Taikoo Li Sanlitun, Beijing 1,789,000 1,619,537 169,463 – 100% (2) Sino-Ocean Taikoo Li Chengdu 1,654,565 1,461,428 193,137 – 100% Taikoo Hui, Guangzhou 3,782,327 3,272,893 509,434 – 97% INDIGO, Beijing 1,894,141 1,535,840 358,301 – 50% HKRI Taikoo Hui, Shanghai 3,731,964 3,155,381 576,583 – 50% Taikoo Li Qiantan, Shanghai 1,188,727 1,188,727 – – 50% Hui Fang, Guangzhou 90,847 90,847 – – 100% Others 2,917 2,917 – – 100% Sub-Total 14,134,488 12,327,570 1,806,918 – Under Development (3) INDIGO Phase Two, Beijing 4,045,514 – – 4,045,514 35% Taikoo Li Xi’an (4) 2,364,668 – – 2,364,668 70% Sanya (5) 2,233,401 2,233,401 – – 50% Sub-Total 8,643,583 2,233,401 – 6,410,182 Total 22,778,071 14,560,971 1,806,918 6,410,182 (1) Including hotels and properties leased for investment. (2) In February 2023, the Group acquired the remaining 35% interest in Sino-Ocean Taikoo Li Chengdu (to be renamed as Taikoo Li Chengdu with effect from 23rd August 2023). The Group’s interest increased from 65% to 100% after the transaction. (3) This is an office-led mixed-use development. The development scheme is being planned. The development is planned to be completed in two phases, in 2025 and 2026. (4) This is a retail-led mixed-use development. The development scheme is being planned. The development is planned to be completed in phases from late 2025. (5) This is a retail-led development. The development is planned to be completed in phases from 2025. Gross rental income from the Group’s investment property portfolio in the Chinese Mainland was HK$2,238 million in the first half of 2023, 26% higher than in the same period in 2022, reflecting the recovery of retail sales from the COVID-19 outbreak and share of incremental rental income arising from the acquisitions of additional interests in Sino-Ocean Taikoo Li Chengdu in late February 2023. 29
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