China's Powerlong Real Estate Holdings, which listed in Hong Kong in October last year, clinched deals in 10 of the country's second- and third-tier cities last financial year and has ambitions to expand even faster in 2010.
CEO Xu Huafang said last month the group aimed to set up 100 mega shopping centres across the nation, up from its current 30.
The rapid expansion plan comes despite measures adopted by China's government to cool off housing market prices since commercial projects are less affected by the policy moves, said Xu.
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