戴德梁行：今日全球楼市速递（6.25）

 Mainland China

 1.COFCO Commercial Property Investment Co – a subsidiary of centrally administrated COFCO Corp, plans to invest RMB70bn in the next 5 to 10 years to build 20 commercial properties across the nation to consolidate its position in the sector. It will focus on building commercial complexes of over 300,000 sq m in 1st and 2nd tier cities in the Bohai Rim, Yangtze River Delta and Pearl River Delta regions. In particular, the developer will expand the presence of its flagship shopping mall, Joy City, in these areas. "Joy City has become a vital brand in our strategy to develop commercial complexes nationally and we have started to strengthen the brand," said General Manager Han Shi. It aims to grow the commercial property business to account for 30% of the group's assets. The 1st Joy City in Shanghai will open at the end of this year at Suzhou Creek Bay in Zhabei District, 800 m from downtown People's Square. Leading retailers such as H&M, Sephora, Coac, Dollar Shop and Ole have signed deals to open stores in the mall which will cover 53,000 sq m in the 1st phase. The 2nd phase, expected to be completed in 2014, will include luxury houses, hotels, serviced apartments and offices. The total development area will be over 400,000 sq m. "The Shanghai outlet is a strategically vital step in our national expansion and Shanghai will be among the group's top priorities in the commercial property market," said Han. The Tianjin outlet will open in the middle of 2011. The firm plans to open in Hangzhou, Chengdu and Shenyang. (Shanghai Daily)

 2.Qeelin – opened its 1st boutique in Shanghai as the luxury jewelry brand bids to go deeper in the Chinese mainland market. The Shanghai boutique is Qeelin's 2nd mainland shop after it opened one in Beijing in 2008. (Shanghai Daily).

 3.Major information technology firms such as Autodesk and Adobe are seeking opportunities in China's booming creative industry which comprises online games, 3D films and architecture design to animation production. Shanghai will also develop the creative industry as one of the city's pillar industries and plans to build a video and TV innovation base in Songjiang district as well as establish several creative zones. (Shanghai Daily).

 Hong Kong

 1.Hong Kong's exports rose for a seventh straight month in May, boosted by demand from the mainland amid a global economic recovery. Overseas sales rose 24.4 percent to HK$254.2 billion from a year earlier, after gaining 21.7 percent in April, the government said yesterday. (The Standard).

 2.The government estimates that 59,000 new flats will become available in the private housing market in the coming three to four years. That number includes those already completed but unsold, flats under construction and planned developments approved by the government on sites already sold or granted. (SCMP).