1

Our Portfolio Land Bank/ Site Area

(sq m) Saleable/Leasable

Estimated GFA (sq m) Remarks

Completed property

Commercial property J-Expo 1 (金智●万博商城 1) 9,771 65,890 Sold and delivered 78.6% of

saleable GFA (As at 30 Jun 2011)

Property under development Estimated Construction Schedule

Residential property Phase III of Guoling Shanshui (果岭山水)

Remaining land bank at Guoling Shanshui

174,412

1.5 mil

132,763

TBA

2Q 2009 – 4Q 2012

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New projects

Commercial properties J-Expo 2 (金智●万博商城 2) 9,000 93,000 4Q 2010 – 1Q 2012

Tianrong Project - Tianrong Fashion City (天荣时装城)

- Old Residential Area, adjacent to Tianrong Fashion City (旧住宅区)

24,026

16,792 553,0001

2012 – 2016

Mixed residential & retail property Nongye Road Project (农业路项目) 16,123 100,092 4Q 2010 – 3Q 2012

Property Management Jiancai Gang & Tianrong Auto-city (建材港兼天荣汽配城)�

758,574 354,568 Tenure of 20 years: 11 Nov 2009 – 30 Jun 2028

1 Based on amalgamated site area of Tianrong Fashion City and Old Residential Area

2

Status of J-Expo 1 (金智•万博商城 1)

As at 30 June 2011

*302 units of the unsold units on level 4 and 5 were rented out as at 30 June 2011.

Levels Completion Date

Total Saleable

GFA (sq m) Units No of Units

Sold* No of Units Delivered*

% of GFA Sold &

Delivered

Average ASP/unit

(RMB/sqm)

B1, L1-L3 2Q 2008 36,282 1,792 retail units 1,691 1,679 17,132

L4-L5 2Q 2008 18,297 768* retail units 482 451 11,777

L6-L12 2Q 2008 11,311 192 office units 162 147 6,259

Total 65,890 2,560 retail units/192 office units

78.6% (51,772 sq m)

14,226

21.4% GFA for lease

78.6% GFA sold

3

Phase I Yongfu 雍府

Phase I Mufu 睦府

Phase III

Guoling Shanshui (果岭山水)

Remaining site area of 1.5 mil sq m held for future development

Phase I & II (Completed and fully sold)

  Phase I: GFA of approx 57,954 sq m

  Phase II: GFA of approx 102,874 sq m

Phase II Xinyu Lanwan 心屿澜湾

Phase II Huguang Shanse

湖光山色

4

Remaining land bank (1.5m sq m)

9%

76%

15%

Guoling Shanshui (果岭山水) Phase III & Beyond

Phase III development on track

  Site area of 174,412 sq m

  Stage 1 construction underway

  Saleable GFA of 43,763 sq m

  Stage 2 construction started in 4Q2010

  Saleable GFA of 89,000 sq m

Remaining land bank

  Total site area of 1.5 mil sq m

Land Bank (Site Area)

Phase III (Development on track) (174,412 sq m)

Phase I & II (Completed)

(276,735 sq m)

Phase III Type of unit Targeted

Completion Date

Total Saleable GFA (sq m) Units

No of Units Sold*

% GFA Sold Average ASP/unit (RMB/sqm)

Stage 1 Low-rise apartments

4Q2012

43,763 540 Low-rise apartments 485 91.6%

(40,101 sq m) 6,211

Stage 2

Low-rise apartments / Duplexes /

Townhouses / Commercial units

52,800 576 Low-rise apartments - - -

14,596 48 Duplexes 17 70.1%

(10,236 sq m) 11,854

21,604 Under planning - - -

*As at 30 June 2011

5

Remaining Land Bank   1.5 million sq m

Master Plan

  Approved for development in phases

Lifestyle Development

  Luxury holiday homes

  Part of land bank leased out to third parties for complementary facilities   Golf course   Hotel   Commercial retail units

Guoling Shanshui (果岭山水) Phase III & Beyond

Artist Impressions