Annual Report 2019

ANNUAL REPORT 2019 43 MANAGEMENT DISCUSSION AND ANALYSIS Developments Attributable saleable floor area (i) Expected attributable GDV (ii) Status/ expected launch Expected financial year of completion Sq. ft. HK$ million Singapore 21 Anderson Road 86,000 1,238 Total completed development available for sale as at 31 March 2019 647,000 4,695 Total pipeline and completed development available for sale as at 31 March 2019 7,925,000 48,086 Additional pipeline post 31 March 2019 Melbourne Bourke Street 552,000 3,179 FY2020 FY2024 Total pipeline (including additional pipeline post 31 March 2019) and completed development available for sale 8,477,000 51,265 Notes: (i) The figures represent approximate saleable residential floor area which may vary subject to finalization of development plans. (ii) The amounts represent expected gross development value attributable to the Group, which may change subject to market conditions. (iii) This development was partially completed in FY2019. Amounts shown here represent the portion to be completed in FY2020. (iv) This residential development consists of a total gross floor area of approximately 1,800,000 sq. ft.. The Group has 50% interest in the development. (v) The Group has 33.3% interest in these developments. (vi) The saleable floor area and GDV figure is estimated based on land already acquired and expected number of units to be built. As the master developer of Northern Gateway, the Group is expecting further land acquisitions which will increase both saleable floor area and GDV for this development. (vii) Total saleable floor area of this development is approximately 410,000 sq. ft.. The Group has 70% interest in the development. Revenue for this development is recognised based on a percentage of completion basis. Amounts shown here exclude the portion which has been recognized as revenue up to 31 March 2019. (viii) Total saleable floor area of this development is approximately 241,000 sq. ft.. The Group has 80% interest in the development. (ix) Total saleable floor area of this development is approximately 190,000 sq. ft.. The Group has 10% interest in the development. In addition to the above, the Group has entered into a memorandum of understanding with the partners of Destination Brisbane Consortium to develop The Star’s casino site in Sydney, which will further contribute to the residential pipeline of the Group upon receiving planning approval and signing of definitive agreement.