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Notes to the Consolidated Financial Statements31 December 2024ESR Group Limited Annual Report 2024189STRATEGIC REPORTSCORPORATE GOVERNANCEFINANCIAL STATEMENTS18.INVESTMENT PROPERTIESCompletedinvestmentpropertiesInvestmentpropertiesunderconstructionTotalUS$%u2019000US$%u2019000US$%u2019000At 1 January 20231,260,1192,062,1133,322,232Additions2,686317,391320,077Changes in fair values of investment properties(1,787)189,509187,722Transfer from investment properties under construction to completed investment properties870,080(870,080)%u2013Reclassification to assets of a disposal group held for sale%u2013(3,233)(3,233)Disposals%u2013(42,836)(42,836)Disposal of subsidiaries(134,042)(332,826)(466,868)Exchange realignment(34,236)(81,486)(115,722)At 31 December 2023 and 1 January 20241,962,8201,238,5523,201,372Additions302429,773430,075Changes in fair values of investment properties(307,707)(4,369)(312,076)Transfer from investment properties under construction to completed investment properties478,428(478,428)%u2013Reclassification to assets of a disposal group held for sale(65,273)(32,804)(98,077)Disposals%u2013(362,172)(362,172)Disposal of subsidiaries (note 35)(325,047)(88,751)(413,798)Exchange realignment(50,015)(49,250)(99,265)At 31 December 20241,693,508652,5512,346,059For the yearended31 December2024US$%u2019000Statement of profit or loss and other comprehensive incomeRental income from investment property66,871Direct operating expenses arising from%u2014 investment properties generating rental income27,256%u2014 investment properties not generating rental income4,888