Page 163 - URA Annual Report 2021-22

(expressed in Hong Kong Dollars)
14. Properties held for sale
The Group’s properties held for sale are located in Hong Kong and their carrying amounts are analysed as follows:
In Hong Kong, with remaining lease term of: - 50 years or more
- between 10 and 50 years
15. Balances with joint development projects
Amounts due from joint development projects Amounts due to joint development projects
2022 $’000
5,674 973,868
979,542
2022 $’000
40,937 (252,796)
(211,859)
2021 $’000
5,674 1,098,628
1,104,302
2021 $’000
34,877 (243,545)
(208,668)
All amounts due from/(to) joint development projects are expected to be recovered/settled within one year.
URA ANNUAL REPORT 2021-22 157