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Shimao Property Holdings Limited : Announce Operating Statistics for the first four months of 2013

05/07/2013 | 10:43am US/Eastern


Announce Operating Statistics for April 2013

Contracted Sales amounted to RMB4.60 billion

The ASP reached the new record highest in the year

Operating Statistics for the four months ended 2013 (unaudited)*

Aggregate Contracted Sales Aggregate Contracted Sold Area

RMB' million 18,327 Square Meter 1,457,057

20,000 1,600,000

18,000 1,400,000

16,000 11,361 1,200,000 952,192

14,000 61% 53%

12,000 1,000,000

10,000 800,000

8,000 600,000

6,000

400,000

4,000

2,000 200,000

- -

2012 2013 2012 2013

(May 6, 2013 - 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 the first four months of 2013.

In April 2013, the Group's contracted sales value amounted to RMB4.60 billion (2012: RMB4.06 billion), representing year-on-year increase of 13%. The Group's contracted sold area amounted to 341,442 sq.m. (2012: 372,069 sq.m.). The average selling price ("ASP") has reached the new record highest in the year to RMB13,485 per sq.m.. The Group's aggregated contracted sales value was RMB18.3 billion and an aggregated contracted sold area amounted to

1,457,057 sq.m. in the first four months, recording year-on-year increase of 61% and 53%, respectively. The ASP for the first four months was RMB12,578 per sq.m..

The Group was mainly selling the existing projects and didn't launch new projects in April. Starting in May, the Group will increase new supplies volume.

- END -

*All the above figures are unaudited and meant for reference only, and are not intended, nor should be construed, to be an inv estment 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 approximately 79 projects at different stages of development in more than 39 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, Nontong 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.

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