188 Notes to the Consolidated Financial Statements 31 December 2023 18. INVESTMENT PROPERTIES (continued) (d) Fair value hierarchy The following table illustrates the fair value measurement hierarchy of the Group’s investment properties: As at 31 December 2023 As at 31 December 2022 US$’000 US$’000 Quoted prices in active markets (Level 1) — — Significant observable inputs (Level 2) 112,856 698,023 Significant unobservable inputs (Level 3) 3,088,516 2,624,209 3,201,372 3,322,232 During the year, there were no transfers of fair value measurement between Level 1 and Level 2 (2022: nil). The movement in fair value measurements within Level 3 during the years ended 31 December 2023 and 2022 are as follows: 2023 2022 US$’000 US$’000 At 1 January 2,624,209 3,250,778 Additions 215,272 258,701 Acquisition of subsidiaries — 44,941 Changes in fair value of investment properties 180,203 178,232 Transfer from Level 2 to Level 3 557,190 153,438 Reclassification to assets held for sale (3,233) (239,902) Disposal of subsidiaries (337,536) (720,435) Disposal (32,203) — Exchange realignment (115,386) (301,544) At 31 December 3,088,516 2,624,209 STRENGTH IN UNITY
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