Shimao Property : Operating Statistics for June 2016

For the six months ended 30 June

Contracted sales

Y-o-Y change

Contracted GFA

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2016

34,459

+9%

2,428,024

-8%

2015

31,548

2,626,665

Announce Operating Statistics for June 2016 Contracted Sales amounted to RMB10.10 billion

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

(July 14, 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 six months ended 30 June 2016.

In June 2016, the Group's contracted sales value amounted to approximately RMB10.10 billion (June 2015: RMB8.23 billion) and the contracted GFA amounted to 690,387 sq.m. (June 2015: 685,844 sq.m.). The Group's aggregated contracted sales for the six months ended 30 June 2016 amounted to approximately RMB34.46 billion, representing a year-on-year increase of 9%. The average selling price for June 2016 was RMB14,629 per sq.m. and for the six months was RMB14,192 per sq.m..

With the property market policy tightening in 1st-tier cities, property prices in 2nd-tier cities continued to rise. In particular, the month-on-month increase of property prices in Nanjing, Xiamen, Hefei and Suzhou, known as the "four little dragons", far exceeded that of 1st-tier cities. News on projects being sold out within a single day constantly appeared. The Group also actively seized this market window to destock and push out new launches, and rolled out promotions in a number of cities during the Dragon Boat Festival. Also worth mentioning is that the Guangzhou Finance City project, which is a JV of the Group with China Resources Land and KWG, was newly launched in June. The highest price of the Grade A office product amounted to RMB35,000 per sq.m., and that of the serviced apartment product amounted to RMB44,000 per sq.m.. Sales were extremely robust and set a new value benchmark for flagship mixed-use complexes in Finance City.

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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 112 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： 2511 9968

Fax： 2511 0278

Email： lau.eva@shimaogroup.com.hk