Shimao Property : Operating Statistics for December 2016

For the twelve months ended 31 December

Contracted sales

Y-o-Y change

Contracted GFA

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2016

68,120

+2%

4,918,453

-11%

2015

67,039

5,540,485

Announce Operating Statistics for December 2016 Contracted Sales amounted to RMB6.01 billion

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

(January 6, 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 twelve months ended 31 December 2016.

In December 2016, the Group's contracted sales value amounted to approximately RMB6.01 billion (December 2015: RMB6.23 billion) and the contracted GFA amounted to 435,908 sq.m. (December 2015: 508,927 sq.m.). The Group's aggregated contracted sales for the twelve months ended 31 December 2016 amounted to approximately RMB68.12 billion, representing a year-on-year increase of 2%. The average selling price for December 2016 was RMB13,782 per sq.m. and for the twelve months was RMB13,850 per sq.m..

The Group's newly launched projects in December received great responses - 408 units were sold out for Nantong City Centre project, 248 units were sold out for Qingdao Shimao Noble Town Yunjin project, and 514 units were sold out for Wuxi Fantastic Lane project. Moreover, Fuzhou Lianpan Shimao Shine City achieved a sales of RMB630 million in 2 hours, and is the first project in Fuzhou with ASP above RMB32,000 per sq.m. in 2016. It also broke the record of sales for a single launch in Fuzhou in 2016. For investment properties, the opening ceremony of Shishi Shimao Skyscraper City was held on 16 December, where government officials in Quanzhou and Shishi, management team of Shimao Property, retailers, media, Shimao's homebuyers, and citizens of Shishi gathered together to celebrate the opening of this leading commercial complex. Moreover, Ningbo Shimao Sunlake Centre launched a leasing ceremony in December. The project strives to cooperate with reputable brands and brings a new shopping and lifestyle experiences to Ningbo's citizens. For hotel operations, Minimax Hotel Xiamen Lakeside Garden was opened on 21 December, and brought artistic elements to the hotel scene in Xiamen. Moreover, DoubleTree by Hilton Ningbo Beilun with 379 rooms was officially opened on 28 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 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：Ms. Eva Lau

Corporate Finance and Investor Relations Shimao Property Holdings Limited

Tel： 3152 1262

Fax： 2511 0278

Email： lau.eva@shimaogroup.com.hk