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As early as 2006, the company took over the project, which is composed of a six-floor emporium, two office buildings, and two high-end apartments, for CNY 3.6 billion. And total investment is estimated to exceed CNY 6 billion.
Total floor area of this project stands at 350,000 square meters or so, and the plaza will be created as a new landmark in downtown Shanghai, said people familiar with the matter.
Presently, Sun Hung Kai Properties quickens its steps toward real estate investment and sales in Mainland China. Approaching CNY 40 billion has been pumped into different projects in the mainland, and the company intends to lift this figure to CNY 70 billion in the coming two to three years.
Source: www.cnstock.com (August 04, 2009)
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