Hang Lung Properties Ltd, Hong Kong's third-largest property developer, plans to invest HK$25 billion (US$3.2 billion) in 10 projects outside Shanghai over the next two to three years as it expands across the country.

Among the 10 projects, the Hong Kong developer has already started on three in Shenyang of Liaoning Province, Tianjin and Jinan of Shandong Province respectively. The three projects, all shopping malls like the Grand Gateway in Xujiahui area, are scheduled to be finished as early as 2009.

The other three to four projects are set to be sealed within six months, each with an investment between HK$2 billion and HK$2.5 billion.

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