Citigroup-中国内地及香港金融地产综合简报 09.28

28 September 2007 6 pages

Per Sq Ft Portable

HK/China Property, Conglomerate and Banking News

 COLI acquired a commercial/residential site in Heping District, Shenyang for
RMB3.215bn or RMB6,828psm, 37% above the bottom price. The site
provides a total GFA of 1.17msm.
 Beijing Capital Land acquired a residential site in Xiqing District, Tianjin for
RMB450mn or RMB4,500psm. The site provides a total GFA of about
100,000sm, of which 84,000sm will be used for residential use and the rest
will be for commercial use. This is its second land purchase in the same area
recently.
 Yanlord acquired landbank in Shenzhen: It purchased a 75% stake in a
Shenzhen-based company for RMB238.7m, thereby adding 599,000sm to its
total landbank. Through this acquisition, Yanlord obtained two residential
projects in Longguan District.
 Shanghai Forte acquired a residential/commercial site in northern Xi’an for
RMB435.6m or RMB400psm. Total GFA of the project reaches 2.178msm.
Forte holds 50% stake in it and the rest was held by a local developer Beijing
Yinxin Realty.
 Central government to curb inflation: The eight ministries in China issued a
notice yesterday on stabilizing the price growth towards the end of the year, as
to create better atmosphere in society during the Communist Party Congress.
The government may give subsidies to low-income families in urban areas if
necessary.