CRE Properties is a wholly owned subsidiary of CR Enterprise, primarily engaged in property investment, management and development. Its portfolio covers over 1.1 million square feet of properties in Hong Kong, comprising of warehouses, retail and commercial properties in prime locations. CRE Properties has a strong team of professionals with recognised qualifications and proven experience in all aspects of property management, investment and project development. Two of its most renowned projects are the renovations of shopping arcades in Tsuen Wan (1999) and Monkok (2003). These projects have transformed aging retail spaces into trendy shopping centres - New Town, which not only generate outstanding returns but also garner widespread praise. In the coming years, CRE Properties will launch the brand New Town on the Mainland by first testing it in Jiangmen where a store totaling 700,000 square feet is being built and will open for operation by the end of 2005. CRE Properties strives to become China¡¯s leading supplier of retailing properties.