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The total return on ungeared direct property investments was 8.5% in the year to end August 2015.

On April 21 2015, FTZs in Guangdong(including Guangzhou Nanshan, Shenzhen Qianhai-Shekou and Zhuhai Hengqin), Tianjin and Fujian were launched, marking the start of Four-FTZ era.

The total return on ungeared direct property investments was 8.5% in the year to end July 2015.