Shimao Property : Announce Operating Statistics for October 2015 Contracted Sales amounted of RMB 7.11 billion

For ten months ended 31 October

Contracted sales

Y-o-Y change

Contracted sold area

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2015

53,939

- 6%

4,469,214

- 5%

2014

57,476

4,731,501

Announce Operating Statistics for October 2015 Contracted Sales amounted of RMB7.11 billion

Operating Statistics for ten months ended 31 October (unaudited)*

(November 6, 2015 - Hong Kong) Shimao Property Holdings Limited ('Shimao Property' or the 'Company', together with its subsidiaries, the 'Group'; stock code: 813) is pleased to announce certain unaudited operating statistics of the Group for ten months ended 2015.

In October, 2015, the Group's contracted sales value amounted to approximately RMB7.11 billion (October 2014: RMB6.78 billion) and the contracted sold area amounted to 581,665 sq.m. (October 2014: 564,214 sq.m.), both recording an annual adjustment. The average selling price for October, 2015 was RMB12,216 per sq.m. and for the ten months was RMB12,069 per sq.m..

China's Central Bank implemented a cut in interest rates by 25 basis points and the reserve requirement ratio by 50 basis points from 24 October. After the fifth interest rate cut by the People's Bank of China this year, the one-year benchmark deposit and lending rates stand at 1.5% and 4.35%, respectively. On the following day, a new project, 'Cloud Atlas' located at Sanlin, Pudong, Shanghai was launched. The total transactions value on the first day has amounted to approximately RMB800 million and the unit price has exceeded RMB40,000 per square meter.

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*All the above figures are unaudited and meant for reference only, and are not intended, nor should be construed, to be an investment advice. Investors should exercise caution when interpreting these data.

About Shimao Property Holdings Limited

Shimao Property is a leading developer of high quality real estate projects in China, with a broad-ranging portfolio of residential, commercial and hotel properties in prime locations. Currently, the Company has over 116 projects at different stages of development in more than 40 cities namely Shanghai, Beijing, Harbin, Wuhan, Nanjing, Fuzhou, Kunshan, Changshu, Shaoxing, Wuhu, Yantai, Jiaxing, Changzhou, Shenyang, Suzhou, Xuzhou, Hangzhou, Xianyang, Taizhou, Mudanjiang, Dalian, Ningbo, Qingdao, Xiamen, Changsha, Guangzhou, Tianjin, Chengdu, Nanchang, Wuxi, Huizhou, Jinjiang, Hainan Wenchang, Jinan, Changchun, Nontong, Shishi, Minhou, Zhang Jia Gang, Fenghua, Chongqing, Yinchuan, Jiangyin and Shenzhen etc..

The Group's highly-acclaimed projects have been well received by property buyers and investors both within the PRC and internationally, and have been accredited numerous awards. Shimao Property concluded its 20 years of development in the property market in China and had completed the corporate restructuring of injecting commercial assets to Shanghai Shimao Co. Ltd. ('A Share Company', SSE stock code: 600823) in 2009. The success of entering into the A share market represents an important milestone for the development of the Group.

For more information about Shimao Property, please visit the Group's website: www.shimaoproperty.com.

For enquiries： Mr. James Yu

Corporate Finance and Investor Relations Shimao Property Holdings Limited

Tel： 2511 9968

Fax： 2511 0278

Email： y u . j a m e s @ s h i m a o g r o u p . c o m . h k