Sun Hung Kai Properties will sell land in China’s suburbs and smaller urban areas to focus on the centers of major cities, Oriental Daily reported, citing unidentified people.

The developer will sell land in second-tier cities and suburbs of first-tier cities, the Hong Kong-based Chinese- language newspaper reported today. Oriental Daily didn’t identify any of the cities.

Sun Hung Kai held 55.3m square feet of land reserved for development in mainland China as of the end of 2008, according to the newspaper.

bloomberg.com