Hongkong Land Holdings says underlying profit in in the first half of 2010 was US$477 million ($652 million) compared with US$281 million in the first half of 2009.
While rental income from the group’s commercial portfolio was stable, profit from the group’s residential activities increased significantly as two large projects in Singapore were completed. The results also benefited from a US$39 million share of a reversal of a writedown previously made in respect of The Estuary development in Singapore.
