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Inventories Related to Real Estate Business | 12 Months Ended
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Dec. 31, 2019
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Inventories Related to Real Estate Business |
12. | INVENTORIES RELATED TO REAL ESTATE BUSINESS
|  | December 31
|  | 2018 |  | 2019
|  | NT$ |  | NT$ |  | US$ (Note 4)
Land and buildings held for sale |  | $ | 20,734 |  |  | $ | 9,983 |  |  | $ | 334 |
Construction in progress |  |  | 8,252,348 |  |  |  | 9,619,217 |  |  |  | 321,605 |
Land held for construction |  |  | 1,787,526 |  |  |  | 1,787,526 |  |  |  | 59,764 |
|  | $ | 10,060,608 |  |  | $ | 11,416,726 |  |  | $ | 381,703 |
Construction in progress is mainly located on Hutai Road in Shanghai, China and Lidu Road in Kun Shan, China. The capitalized borrowing costs for the years ended December 31, 2017, 2018 and 2019 are disclosed in Note 26. As of December 31, 2018 and 2019, inventories related to real estate business of NT$10,060,608 thousand and NT$11,416,726 thousand (US$381,703 thousand), respectively, are expected to be recovered longer than twelve months. Refer to Note 37 for the carrying amount of inventories related to real estate business that had been pledged by the Group to secure bank borrowings.

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