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Hang Lung, CapitaMalls plan China malls to tap luxury market

Posted on 30 September 2011

Hang Lung Properties Ltd. and CapitaMalls Asia Ltd. have announced plans to build new shopping malls in China, underscoring their confidence in the country’s growing luxury consumer market.
Hang Lung, the Hong Kong developer that’s building high-end shopping centers in other parts of China, and its parent bought two sites in Kunming in the southwest for 3.5 billion yuan ($547 million), it said in a stock exchange filing yesterday……………………………………….Full Article: Source

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