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Sun Hung Kai Properties to Raise Investment in Guangzhou

Fri. May 22, 2009; Posted: 08:31 AM
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GUANGZHOU, May 22, 2009 (SinoCast Daily Business Beat via COMTEX) -- SUHJY | Quote | Chart | News | PowerRating -- Sun Hung Kai Properties Limited (SEHK: 0016) plans to increase its investment in Guangzhou this year, said Chik-Wing Wong, executive director for the Hong Kong-based real estate development company, recently.

Sun Hung Kai Properties will seek opportunities to develop more projects in the southern Chinese city, according to Mr. Wong, forecasting a bright prospect for the local real estate market.

Notably, the Hong Kong real estate developer is developing a luxury villa project in the prosperous Huadu District of Guangzhou to court for high-end customers. More than 200 units are expected to be launched in the first phase, with their floor areas ranging from 130 square meters to 350 square meters, said Mr. Wong.

In addition to Guangzhou, Sun Hung Kai Properties is about to push up its investment in Sichuan, a province in western China, added Mr. Wong, noting the company is ready to buy land in the province.

Source: dycj.ynet.com (May 22, 2009)
For full details for SUHJY click here.

    


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