Eton Properties Philippines Inc (EPPI), a global real estate brand established by a prominent Chinese Filipino business magnate Lucio Tan, plans to invest more than RMB 2.4 billion in a commercial complex in Xiamen, Fujian Province, sources reported.

The huge project, the largest ever in the city, covers a land area of about 21,810 sq m and gross floor area of 350,000 sq m.

The complex includes one super five-star hotel, a serviced apartment building, one Grade A office building, a shopping mall and relevant facilities.

As one of the Philippines' biggest conglomerates, EPPI specializes in high-end and mid-income luxury residences, state-of-the-art IT and BPO office developments and township projects.