Real Estate Properties under Development, Net (Tables)

12 Months Ended

Dec. 31, 2024

Real Estate [Abstract]

Summary of Real Estate Properties

The following summarizes the components of current portion of real estate properties under development as at December 31, 2020, 2021, 2022, 2023 and 2024:


At December 31,		2020				2021				2022				2023				2024
		(’000)				(’000)				(’000)				(’000)				(’000)
Construction in progress			9,636				76,029				—				—				—
Land use right			112,057				114,535				—				—				—
Less: Impairment			—				(22,695	)			—				—				—

Net book value		$	121,693			$	167,869			$	—			$	—			$	—

The following summarizes the components of

non-current

portion of real estate properties under development

as

at December 31, 2020, 2021, 2022, 2023 and 2024:


At December 31,		2020				2021				2022				2023				2024
		(’000)				(’000)				(’000)				(’000)				(’000)
Building at cost		$	31,678			$	30,316			$	27,820			$	27,353			$	26,947
Less: accumulated depreciation			(16,065	)			(16,418	)			(15,050	)			(14,795	)			(14,568	)

			15,613				13,898				12,770				12,558				12,379

Construction in progress			92,533				89,170				87,182				94,482				106,820
Land use right			82,346				81,535				74,740				73,474				72,350

Net book value		$	190,492			$	184,603			$	174,692			$	180,514			$	191,549

Summary of Lease Building to Third Parties with the Carrying Amount

The Company leased its buildings to third parties with the carrying amount as shown below:


At December 31,		2020				2021				2022				2023				2024
		(’000)				(’000)				(’000)				(’000)				(’000)
Buildings at cost		$	31,678				30,316				27,820				27,353				26,947
Less: accumulated depreciation			(16,065	)			(16,418	)			(15,050	)			(14,795	)			(14,568	)

Buildings, net		$	15,613				13,898				12,770				12,558				12,379