Emperor to Invest $411 Million in Hong Kong Property, SCMP Says

Emperor International Holdings Ltd. plans to invest HK$3.2 billion ($411 million) in Hong Kong real estate this year, mainly buying retail space and land for development, the South China Morning Post said, citing Executive Director Donald Cheung.

The company will consider buying sites of 40,000 square feet or smaller worth HK$2 billion or less, the Hong Kong-based English-language newspaper reported today. Emperor may put two residential projects on sale this year, the Post said.

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