SINGAPORE (Mar 8): Hongkong Land Holdings, the property group which is a member of the Jardine group, announced FY17 earnings increased by 67% to US$5.6 billion ($7.37 billion) compared to US$3.35 billion in FY16.

Revenue for the full year ended Dec 2017 was US$1.96 billion, 1.5% lower than US$1.99 billion in the previous year. But the group saw an 83.5% increase in change in fair value of investment properties of US$4.68 billion from US$2.55 billion last year.

The group’s investment properties produced higher results due to higher rents in Hong Kong and continuing low vacancies across both Hong Kong and Singapore.

Read more on The Edge Singapore