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Article: HANG LUNG PROPERTIES TO HIT INVESTMENT TARGET IN MAINLAND
- Article from:
- AsiaInfo Services
- Article date:
- August 3, 2009
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AsiaInfo Services
08-03-2009
Hang Lung Properties to Hit Investment Target in Mainland
SHANGHAI, Aug 03, 2009 (SinoCast Daily Business Beat via COMTEX) -- Hang Lung Properties Ltd. (SEHK: 0101), a tier property developer headquartered in Hong Kong, lately announced that it would score the goal of a CNY 40 billion real estate development investment in Mainland China before the 2009-end.
The company previously brought forward a construction scheme of 18 realty projects in the mainland, and total investment was estimated at CNY 40 billion. By now, 17 ones with a CNY 38.3 billion investment have been completed.
The money Hang Lung Properties spends buying land accounts for only 16% of its total ...