Shimao Property : Operating Statistics for April 2017

For the four months ended 30 April

Contracted sales

Y-o-Y change

Contracted GFA

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2017

26,777

56%

1,634,076

19%

2016

17,158

1,373,758

Announce Operating Statistics for April 2017 Contracted Sales amounted to RMB6.22 billion

Operating Statistics for the month ended 30 April (unaudited)*

(May 4, 2017 - 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 four months ended 30 April 2017.

In April 2017, the Group's contracted sales value amounted to approximately RMB6.22 billion (April 2016: RMB5.63 billion) and the contracted GFA amounted to 360,644 sq.m. (April 2016: 444,658 sq.m.). The average selling price for April 2017 was RMB17,247 per sq.m.. The Group's aggregated contracted sales value amounted to approximately RMB26.78 billion and aggregated contracted GFA amounted to 1,634,076 sq.m. for the four months ended 30 April 2017, representing year-on-year increases of 56% and 19% respectively. The average selling price for the four months was RMB16,387 per sq.m..

The Group's new launches in April included Hefei Shimao Jade Mansion, Jinan Shimao Skyscraper City, Nanjing Shimao Bund New City, Shishi Shimao Skyscraper City, Jiangyin Shimao Dragon Bay etc. These projects all received great responses. Demand spillover effect from higher-tier to lower-tier cities was very obvious in the property market, for example, Quanzhou Shimao Zimaofu and Quanzhou Shimao Hi Dream achieved strong sales benefitting from the spillover of the red-hot property market in Xiamen. Regarding financing activities, the Group obtained approval from China interbank association on 25 April to issue asset-backed notes with a registered amount of RMB6.5 billion. This is going to be the first public issuance of commercial properties related product in the China interbank association. This move has enriched China's assets securitization market, diversified the Group's financing channels, lowered cost of funding, revitalized fixed assets, while reflecting the Group's quality asset portfolio at the same time.

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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 132 projects at different stages of development in 43 cities namely Shanghai, Beijing, Harbin, Wuhan, Nanjing, Fuzhou, Kunshan, Changshu, Shaoxing, Wuhu, Yantai, Shenyang, Suzhou, Xuzhou, Hangzhou, Mudanjiang, Dalian, Ningbo, Qingdao, Xiamen, Changsha, Guangzhou, Tianjin, Chengdu, Nanchang, Wuxi, Huizhou, Jinjiang, Hainan Wenchang, Jinan, Changchun, Nontong, Shishi, Minhou, Zhang Jia Gang, Chongqing, Yinchuan, Jiangyin, Shenzhen, Hong Kong 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, please contact: Ms. Eva Lau, Corporate Finance and Investor Relations Shimao Property Holdings Limited

Tel： 3152 1262

Fax： 2511 0278

Email： lau.eva@shimaogroup.com.hk