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Hong Kong developer in Shenyang project
By AMY CHEUNG
Published: August 14, 2006 12:00 AM
Hong Kong developer Hang Lung Properties will invest 11.5 billion yuan in building its second commercial complex in Shenyang, The Standard reported. The company has successfully secured two sites in Shenyang, with a combined area of about 1.1 million square meters, have been earmarked for a mega shopping mall. Total investment includes land costs of 8 billion yuan and construction costs of 3.5 billion yuan. Hang Lung chairman Ronnie Chan Chi-chung said the project may also comprise an office element, wrote the paper The project is part of the company’s plans to spend more than 25 billion yuan over three years in 10 commercial projects in mainland cities, the firm confirmed Friday.
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