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Notes to the Consolidated Financial Statements31 December 2024190ADVANCING AHEAD18.INVESTMENT PROPERTIES (continued)(a)All completed investment properties and investment properties under construction of the Group were revalued at 31 December 2024 based on valuation performed by independent professionally qualified valuers, Colliers Appraisal & Advisory Services Co. Ltd., Jones Lang LaSalle Property Consultants India Private Limited., JLL Morii Valuation & Advisory K.K., Jones Land LaSalle Corporate Appraisal and Advisory Limited, and Cushman & Wakefield K.K., at fair value. They are industry specialists in investment properties valuation.In determining fair value, a combination of approaches and methods were used, including the Direct Comparison Method and Discounted Cash Flow Method. The Direct Comparison Method is applied based on the market prices of comparable properties. Comparable properties with similar sizes, characters and locations were analysed, and weighted against all respective advantages and disadvantages to arrive at the fair value of the properties. The Discounted Cash Flow Method measures the value of a property by the present worth of the net economic benefit to be received over the life of the asset.(b)Completed investment properties leased out under operating leasesThe Group leases out completed investment properties under operating lease arrangements. All leases run for a period of one to ten years, with an option to renew the leases after the expiry dates, at which time all terms will be renegotiated. The Group%u2019s total future minimum lease receivables under non-cancellable operating leases generated from completed investment properties are as follows:As at31 December2024As at31 December2023US$%u2019000US$%u2019000Within one year57,99857,915After one year but within two years37,91745,853After two years but within three years22,82824,917After three years but within four years13,70415,102After four years but within five years4,2559,079After five years1,4133,124138,115155,990(c)Certain of the Group%u2019s completed investment properties and investment properties under construction with a fairvalueofUS$2,141,667,000(2023:US$2,896,812,000)werepledgedtosecurebankandotherborrowingsgranted to the Group as disclosed in note 25.