Shimao Property : Operating Statistics for January 2017

For the one month ended 31 January

Contracted sales

Y-o-Y change

Contracted GFA

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2017

5,106

58%

334,704

27%

2016

3,222

263,172

Announce Operating Statistics for January 2017 Contracted Sales amounted to RMB5.11 billion

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

(February 10, 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 one month ended 31 January 2017.

In January 2017, the Group's contracted sales value amounted to approximately RMB5.11 billion (January 2016: RMB3.22 billion) and the contracted GFA amounted to 334,704 sq.m. (January 2016: 263,172 sq.m.), representing year-on-year increases of 58% and 27% respectively. The average selling price for January 2017 was RMB15,254 per sq.m..

The Group's newly launched projects in January received great responses, one of which was Hefei Shimao Jade Mansion that achieved a sell through rate of around 62% for a launch of 272 units. Due to the tight approval and granting of pre-sales permits in a number of cities, sales were not particularly robust during the Chinese new year period at month-end. For hotel operations, Yuluxe Hotel Sheshan Shanghai officially changed its brand on 1 January - Le Méridien was changed to Tribute PortfolioTM. This is the first hotel under the Tribute PortfolioTM brand in China for Marriott International, and also the first under the self-owned Yuluxe brand in Shanghai for Shimao Property.

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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, 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