Shimao Property : Announce Operating Statistics for December, 2015 Contracted Sales amounted to RMB6.23 billion

For twelve months ended 31 December

Contracted sales

Y-o-Y change

Contracted sold area

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2015

67,039

- 4.5%

5,540,485

- 4.3%

2014

70,216

5,788,804

Announce Operating Statistics for December 2015 Contracted Sales amounted of RMB6.23 billion

Operating Statistics for twelve months ended 31 December (unaudited)*

(January 15, 2016 - 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 twelve months ended 2015.

In December, 2015, the Group's contracted sales value amounted to approximately RMB6.23 billion (December 2014: RMB6.16 billion) and the contracted sold area amounted to 508,927 sq.m. (December 2014: 508,658 sq.m.), both recording a year-on-year growth rate of 1.1% and 0.05%, respectively. The average selling price for December, 2015 was RMB12,238 per sq.m. and for the twelve months was RMB12,100 per sq.m..

Shimao Property made advanced preparations for the surging property market in the upcoming year, winning bids for land parcels over Fuzhou, Nanjing and Shaoxing in December. MiniMax Premier, Shimao's flagship hotel, commenced operations in Hongqiao, Shanghai on 22 December. Shimao's first 52

+ Mini Mall was opened in Nanjing on 19 December.

- END -

*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