Feb. 8, 2010 (China Knowledge) - Hang Lung Properties Ltd<0101>, a real estate subsidiary of Hang Lung Group Ltd<0010>, plans to invest US$2 billion to US$3 billion over the next couple of years in China, according to Chairman Ronnie Chan.

The company wanted to find good investment opportunities in the country's commercial property sector, Chan told reporters on the sidelines of the PERE Forum: Asia.

It expected to invest in one or two projects in mainland China in 2010, Chan said last year.

The developer expects its second-half turnover will be less than the HK$9.7 billion posted in the first half ended Dec. 31, 2009, he said.

According to an earlier report from China Knowledge, Hang Lung Properties planned to invest a total of HK$20 billion in mainland China in the next two or three years, said Terry Szeyeun Ng, executive director of Hang Lung Properties.