Construction: 10 projects outside Shanghai
(Shanghai Daily)
Updated: 2006-07-13 17:00
Hang Lung Properties Ltd, Hong Kong's third-largest property developer, plans
to invest HK$25 billion (US$3.2 billion) in 10 projects outside Shanghai over
the next two to three years as it expands across the country.
Among the 10 projects, the Hong Kong developer has already started on three
in Shenyang of Liaoning Province, Tianjin and Jinan of Shandong Province
respectively. The three projects, all shopping malls like the Grand Gateway in
Xujiahui area, are scheduled to be finished as early as 2009.
The other three to four projects are set to be sealed within six months, each
with an investment between HK$2 billion and HK$2.5 billion.
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