Annual Report 2019

ANNUAL REPORT 2019 41 MANAGEMENT DISCUSSION AND ANALYSIS The following table shows a breakdown of the Group’s total cumulative pre-sales value of residential properties under development as at 31 March 2019. Developments Location Attributable pre-sales Expected financial year of completion HK$ million Astoria Crest Hong Kong 422 FY2020 The Garrison Hong Kong 635 FY2020 Artra Singapore 1,165 (i) FY2021 West Side Place (Towers 1 and 2) Melbourne 4,848 FY2021 West Side Place (Tower 3) Melbourne 2,347 FY2022 West Side Place (Tower 4) Melbourne 2,334 FY2023 The Towers at Elizabeth Quay Perth 1,619 (ii) FY2020 Perth Hub Perth 250 FY2022 The Star Residences (Tower 1) Gold Coast 415 FY2022 MeadowSide (Plots 2 and 3) Manchester 411 FY2021 MeadowSide (Plot 5) Manchester 16 FY2021 Hornsey Town Hall London 152 FY2021 14,614 Notes: (i) Excluding contracted pre-sales already recognized as revenue up to 31 March 2019. (ii) Development partially completed during FY2019. Amount represents the revenue for the portion to be recognised in FY2020. As at 31 March 2019, expected attributable saleable floor area of the Group’s active residential property development projects under various stages of development across the regions was approximately 7.9 million sq. ft.. Details of the Group’s current pipeline are shown below: Developments Attributable saleable floor area (i) Expected attributable GDV (ii) Status/ expected launch Expected financial year of completion Sq. ft. HK$ million Pipeline development Melbourne West Side Place –Towers 1 and 2 1,078,000 5,299 Launched FY2021 –Tower 3 518,000 2,515 Launched FY2022 –Tower 4 621,000 2,991 Launched FY2023 Perth The Towers at Elizabeth Quay (iii) 306,000 2,224 Launched FY2020 Perth Hub 230,000 866 Launched FY2022 Brisbane Queen’s Wharf Brisbane (iv) – Tower 4 284,000 1,634 FY2020 FY2022 – Tower 5 280,000 1,609 Planning Planning – Tower 6 223,000 1,282 Planning Planning