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Residential real estate

YuanBang•Ming Yue Yuan

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YuanBang•Ming Yue Yuan, located in Haizhu District of Guangzhou Chigang Road, the former Ministry of Light Industry Dry Branch area, covering [13843] square meters, total construction area of 65,527 square meters. Ming Yue Yuan is located in a strategic area chigang population density areas around schools, hospitals, restaurants and other amenities. YuanBang•Ming Yue Yuan on supporting facilities have supermarkets, commercial property, swimming pool, clubhouse, kindergarten and parking lots. Project by three 25-storey apartment buildings, including 461 residential units and 12 commercial properties as well as 161 parking spaces. We start building the moon garden in March 2005, is expected to one of the buildings completed in December 2006, the majority of the entire project will be completed in July 2007. We get pre-license in January 2006 and began selling residential and commercial premises.

As recently practicable date, we have already pre-sold 418 residential units and nine shops, selling a total construction area of 45,300 square meters, the average price for 7185 was RMB 19,000 yuan. The remaining 43 units and three shops with a total construction area of 6450 square meters.