<<

[For immediate release]

Central Real Estate Limited Acquires Shangjie Project in City for RM173.01 Million

(2 October 2013– ) –– Real Estate Limited (“CCRE” or the “Company”, together with its subsidiaries, the “Group”; SEHK stock code: 832), one of the leading - based property developers, announces that on 27 September 2013, Central China Real Estate (Zhengzhou) Company Limited, an indirectly wholly-owned subsidiary of CCRE, acquired land use rights of three land plots in Zhengzhou City in an auction process, for a total consideration of RMB 173.01 million. The three land parcels is located in , north of Jinjiang Road, east of Jinping Road with an aggregate site area of approximately 161,298 sq.m.. CCRE estimates the total expected gross floor area could be approximately 592,770 sq.m., with an estimated average GFA cost of RMB292 per sq.m.. This new land purchase will be a mixed-use development, including residential, commercial and car park. CCRE plans to commence construction in September 2014 and estimates to complete the project by December 2018.

- End -

About CCRE Central China Real Estate Limited is one of the leading Henan-based property developers that focus on developing of high-quality residential properties. Known for its outstanding product quality, strong brand awareness and its experienced management team, the Company was ranked No. 1 in Henan’s real estate industry in 2012 China Top 500 Real Estate Developers and Top 10 Chinese Property Developers in Regional Operation in 2012. It has been named as China Top 100 Real Estate Developers for the past eight consecutive years.

For further information, please contact: Mr. Vinh Mai Head of Investor Relations and Chief Investment Officer Central China Real Estate Limited Email:[email protected] iPR Ogilvy Tina Law Email: [email protected]