Hong Kong Hang Lung Properties plans to invest 250 million Hong Kong dollars in 10 large-scaled shopping malls include one of the biggest one in Tianjin, reports Xinhua.   This is the first time Hang Lung announced investment plan outside Shanghai, which is a clear signal that Hong Kong property firms start to target investment on central and northern China. Hang Lung’s plan of “Ten cities 10 shopping malls” has already begun and among which 3 large-scaled projects will be realized in Tianjin, Shenyan and Jinan that amounts to 20 to 25 million Hong Kong dollars.   According to Ng Sze Yuen, Executive Director of Hang Lung Properties, all the commercial property investment in Mainland is for rentals only with the aim to maintain long-term sustainability.   Experts in Hong Kong say that residents in major cities would have higher income in the next 5 to 10 years. The development of shopping malls would enter a more mature stage. It is essential to be far-sighted and allocate long-term business development plans.