Eton Properties Group, the China-based real estate firm of Taipan Lucio C Tan, is to invest CNY20.35bn ($3bn) in eight upscale, mixed-use properties in China.

The investment includes CNY8bn ($1.2bn) for Eton Place Shenyang, which will be built on 84,000m² of land and house residential complexes integrating a five-star hotel.

The group will provide CNY6bn ($911m) for its Eton Place Dalian project, which will feature 43-floor luxury apartment buildings, two towers of 81 floors and 62 floors each, and a five-star hotel.

The investment also includes the addition of 2,177 luxury apartments comprising 150 seven-star hotel rooms and 586 five-star hotel rooms, according to philstar.com.