Note 23 Project and development properties

Project and development properties consist of owned and leased assets.

Group, MSEK Note 2021 2020
Koncernen, Mkr Not 2021 2020
Project and development properties – owned Projekt- och exploateringsfastigheter – ägda 15,932 13,670
Rights of use – leased with Nyttjanderätter – leasade 36 36 326 404
Total Summa 16,258 14,074
Group, MSEK 2021 2020
Koncernen, Mkr 2021 2020
Housing development rights Bostadsbyggrätter 6,609 5,262
Commercial development rights Kommersiella byggrätter 604 584
On going housing projects Pågående bostadsprojekt 7,018 5,985
On going rental projects in Sweden Pågående hyresrättsprojekt i Sverige 616 1,023
On going commercial projects Pågående kommersiella projekt 457 216
Completed property Färdigställda fastigheter 123 311
Other Övrigt 505 289
Total Summa 15,932 13,670

Project and development properties were written down during the year for a total of SEK 18 million (31). Loan interest of SEK 139 million (181) has been activated during the year. The interest rate on the activated loan costs is 2.2 percent (2.2).

Recovery

Of the recognized value of project and development property of SEK 15,932 million (13,670) some SEK 5,600 million (approximately 3,400) is expected to be recovered through sales more than 12 months after the balance sheet day. The remaining part is expected to be recovered within 12 months after the balance sheet day.