Shimao Property : Operating Statistics for August 2016

For the eight months ended 31 August

Contracted sales

Y-o-Y change

Contracted GFA

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2016

44,778

+13%

3,207,751

-3%

2015

39,789

3,307,162

Announce Operating Statistics for August 2016 Contracted Sales amounted to RMB5.22 billion

Operating Statistics for the month ended 31 August (unaudited)*

(September 9, 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 the eight months ended 31 August 2016.

In August 2016, the Group's contracted sales value amounted to approximately RMB5.22 billion (August 2015: RMB4.20 billion) and the contracted GFA amounted to 392,764 sq.m. (August 2015: 346,823 sq.m.). The Group's aggregated contracted sales for the eight months ended 31 August 2016 amounted to approximately RMB44.78 billion, representing a year-on-year increase of 13%. The average selling price for August 2016 was RMB13,284 per sq.m. and for the eight months was RMB13,959 per sq.m..

Property prices in first- and hot second-tier cities continued to rise in recent months, which triggered some tightening measures in major second-tier cities. These include the lifting of down-payment ratio in Wuhan, and home purchase restrictions in Suzhou and Xiamen. However, these regulatory measures are still relatively mild. For example, the purchase restrictions in Xiamen only apply to units that are less than or equal to 144 sq.m., and the restriction is only valid till the end of 2017. The Group's newly launched projects in August received great responses - 345 units were sold out immediately for Nantong City Centre, and 272 units were sold out within 2 hours for Hefei Shimao Jade Mansion. Moreover, the Group hosted a number of new product presentation events in August, including Qingdao Shimao Noble Town Yunjin and Suzhou Bronze Swallow Terrace Wangyuan. These events fully demonstrated the spirits and styles of the project, and received wide media coverage in China.

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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 41 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：

Corporate Finance and Investor Relations Shimao Property Holdings Limited

Tel： 3152 1262

Fax： 2511 0278

Email： lau.eva@shimaogroup.com.hk