Sun Hung Kai Properties breaks new ground in Suzhou

KUALA LUMPUR: Sun Hung Kai Properties, one of Hong Kong’s largest property companies, held a groundbreaking ceremony for its first large integrated development in Suzhou, Jiangsu Province, last week (Jan 15).

The project will be located on a 22,000 sq m site on the east bank CBD of Jinji Lake in Suzhou Industrial Park, and will comprise a luxury shopping mall, Grade-A offices as well as high-end serviced apartments, according to a report by Shanghai Daily.com. The shopping mall will have top international retailers, many new to Suzhou.

The development will be a modern integrated complex with world-class standards comparable Sun Hung Kai Properties’ International Finance Centre and International Commerce Centre in Hong Kong.

Sun Hung Kai Properties will own 90% of the project while the rest is held by the industrial park, according to the Shanghai Daily.com report.