Shimao Property : Operating Statistics for May 2016

For the five months ended 31 May

Contracted sales

Y-o-Y change

Contracted GFA

Y-o-Y change

(RMB million)

(%)

(sq. m.)

(%)

2016

24,359

+4%

1,737,637

-10%

2015

23,316

1,940,821

Announce Operating Statistics for May 2016 Contracted Sales amounted to RMB7.20 billion

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

(June 3, 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 five months ended 31 May 2016.

In May 2016, the Group's contracted sales value amounted to approximately RMB7.20 billion (May 2015: RMB6.54 billion) and the contracted GFA amounted to 363,879 sq.m. (May 2015: 544,334 sq.m.). The Group's aggregated contracted sales for the five months ended 31 May 2016 amounted to approximately RMB24.36 billion, representing a year-on-year increase of 4%. The average selling price for May 2016 was RMB19,788 per sq.m. and for the five months was RMB14,018 per sq.m..

In May 2016, Shanghai Shimao Co. Ltd., a 58.92%-owned subsidiary, disposed of a commercial asset "Beijing Fortune Times" in Beijing Sanlitun to Leshi at a consideration of RMB2.972 billion. The GFA sold amounted to around 50,000 sq.m. Thus the transaction significantly pushed up the average selling price of the Group in May. Regarding landbanking in May, the Group acquired a mixed-use project in Nanjing Hexi through land auction for RMB8.80 billion (114.6% premium over the base price). AV amounted to RMB16,132 per sq.m. This is the Group's eighth project in Nanjing. Regarding the hotel segment, Hilton Wuhan Riverside, with a total of 338 rooms set on the banks of the Yangtze River, commenced operation in May. Regarding financing activities in May, the Group launched an asset-backed-securities (ABS) based on its hotel cash flows together with Bosera Capital. The size of the ABS is RMB2.69 billion and has a term of 8 years with a "AAA" credit rating. This product is the first non-residential attempt in securitization, setting a benchmark in the industry for financial innovations. Sector-wise, after the property markets in 1st-tier cities cooled down on tightening measures, hot money flooded into strong 2nd-tier cities, resulting in significant property price hikes and many "land king" transactions. Hence, measures to control land prices were rolled out in Suzhou and Nanjing, where the local governments target to control the land prices for the healthy development of property market.

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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