Page 239 - Hong Kong Housing Society Annual Report 2024/25

AUDITED FINANCIAL STATEMENTS 已審核財務報表
NOTES TO THE FINANCIAL STATEMENT 財務報表附註

12. Investment properties (continued) 12. 投資物業 （續）
Commercial and residential premises 商業及住宅樓宇

The carrying value and fair value of completed commercial 於二零二五年三月三十一日，竣工商
and residential premises at 31 March 2025 were HK$2,709.8 業及住宅樓宇的賬面值及公允價值分
million (2024: HK$3,319.0 million) and HK$8,587.0 million 別為港幣二十七億零九百八十萬元（二
(2024: HK$11,653.0 million), respectively. 零二四年：港幣三十三億一千九百萬
元）及港幣八十五億八千七百萬元（二零
二四年：港幣一百一十六億五千三百萬

元）。
The fair value of completed commercial and residential 竣工商業及住宅樓宇於二零二五年及二
premises at 31 March 2025 and 2024 have been arrived 零二四年三月三十一日的公允價值，是
at on the basis of a valuation carried out on that date by 由獨立專業合資格估值師仲量聯行有限
Jones Lang LaSalle Limited, an independent professionally 公司於當日進行估值。投資物業乃遵守
qualified valuer. The investment properties have been 香港測量師學會物業估值準則個別地按
valued individually, on income capitalisation approach 收入資本法進行估值（除某一物業的住
(except for the domestic portions of a certain property 宅部分採用直接比較法外）。該估值使
where direct comparison method was adopted), which 用重大數據因市場數據未能提供。該投
conforms to Hong Kong Institute of Surveyors Valuation 資物業之公允價值計量根據香港財務報
Standards on Properties. The valuation involves the use of 告準則第十三號被界定為第三級估值。
certain significant inputs for which the market data are not 該估值乃按收入淨額資本化，計入現有
available. The fair value measurement of the investment 及潛在租賃期滿後收入調整並參考相若
properties falls into Level 3 of the fair value hierarchy as 物業之市場交易。
defined in HKFRS 13. The valuation was mainly arrived
on the basis of capitalisation of net income with current
passing rental income and potential reversionary income of
the properties and cross check by reference to comparable
market transactions for similar properties.

Hong Kong Housing Society Annual Report 2024/25 香港房屋協會 2024/25 年度年報 237